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February retail sales see a slight decline but remain in the right direction

March 16, 2021

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United States retail sales, for the month of February saw sequential declines and annual gains, according to data issues today by the United States Department of Commerce’s U.S. Census Bureau and the National Retail Federation (NRF).

Commerce reported that February retail sales—at $561.7 billion—fell 3.0%, from January to February, following a 5.3% gain, from December to January, while seeing a 7.6% annual increase. And it also observed that total retail sales, from December 2020 through February 2021, saw a 6.0% annual increase compared to the same period a year ago.

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