Overall Retail Sales Fall

Overall Retail Sales Fall

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The U.S. Census Bureau announced last week that estimates of U.S. retail and food services sales for February dropped .6 percent to $380.2 billion from January, but rose 2.6 percent above last February’s numbers. Total sales for the December 2007 through February 2008 period were up 3.3 percent from the same period a year ago. The December 2007 to January 2008 percent change was revised from a .3 percent increase to .4 percent increase.

Retail trade sales were down .6 percent from this January, but were 2.4 percent above last year. Gasoline station sales were up 20.2 percent from last February, while sales of sporting goods, hobby, book and music stores were up 6.3 percent from last year.

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