United States (U.S) Retail Sales in February Post Smallest Gain in Six Months
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Retail Sales – United States – February 2017 By: Paul Young CPA, CGA
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Transcript of United States (U.S) Retail Sales in February Post Smallest Gain in Six Months
Retail Sales – United States – February 2017By: Paul Young CPA, CGA
Agenda• Global Forecast• Summary• Major Segments / Comments• % change by month• Sales Tax / eCommerce
Forecast / Global
Source - ScotiaBank – March 10, 2017 Source – USA Government – March 15, 2017
• Feb-January 2017 average 3.7% growth year over year compare to Jan-Feb 2016
• Feb-January 2017 growth of 3.7% is higher than the 2.7% forecasted by Scotiabank
Summary / February 2017b
Source – United States Government
February 2017 – Retail Sales by Segment
Source - USA Government
US Retail Sales in February post smallest gain in six-months – Bloomberg March 15, 2017
But notably, January's core retail sales were upwardly revised to a 1.2% increase, up from the prior reading of 0.8%. Business Inside – March 15, 2017Most U.S. retailers reported weak sales in February despite unseasonably warm weather, a likely offshoot of delayed tax refunds for millions of households.Market Watch – March 15, 2017
Retail Sales change by month
Marketwatch – March 14, 2017
BMO/USA Retail Sales
BMO Economics – March 15, 2017
Sales Tax Changes / New Mexico / Amazon
• http://www.cnbc.com/2017/03/06/the-associated-press-amazon-to-collect-sales-tax-in-new-mexico-starting-in-april.html
More States are targeting eCommerce retailers (lack of Nexus)
