US retail and food services sales down $561.7 billion last month
/ Our Today
administratorTotal US retail sales, excluding non-store retailers, grew 4.8% in December 2020
The latest economic data coming from the US Census Bureau shows that American retail and food services sales were down $561.7 billion last month.
This represents a decline of three per cent from the previous month in January 2021 and 6.3 per cent above the out-turn for February 2020. Total sales for the December 2020 through February 2021 period were up six per cent from the same period a year ago.
The December 2020 to January 2021 per cent change was revised up from 5.3 per cent to 7.6 per cent. Retail trade sales were down 3.1 per cent from January 2021 and up 9.5 per cent above last year.
Non-store retailers were up 25.9 per cent from February 2020, while food services and drinking places were down 17.0 per cent from last year. The data shows a 4.8 per cent growth in total retail sales excluding non-store retailers for December 2020.
States’ showing of retail sales
The US Census Bureau notes that 34 states had positive and significant year-over-year per cent changes from December 2019 to December 2020. The biggest jump of 20.5 per cent was seen in retail sales for building supplies, garden equipment and supplies dealers, above December 2019 out-turn.
From December 2019 to December 2020, 49 states and the District of Columbia saw positive and substantial year-over-year percentage shifts. Retail sales for Electronics and Appliance Stores went down 14.7 per cent in December 2020 relative to 2019.
The United States Census also reports 23 states had negative and significant year -over-year percent changes from December 2019 to December 2020.
The US Census Bureau conducts the Advance Monthly Retail Trade and Food Services Survey to provide an early estimate of monthly sales by kind of business for retail and food service firms located in the United States. Each month, questionnaires are mailed to a probability sample of approximately 5,500 employer firms selected from the larger Monthly Retail Trade Survey.
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