Customer demand improved in 11 of the 13 U.S. industry categories. The overall figure increase by 1.1 percent from the previous month, and a significant 6.5 percent from the same month last year. Building materials and gasoline stations had double digit increases (13.8% and 10.3% respectively).
Compared to February 2011 the retail sales report from the U.S. Census Bureau showed growth in all areas, which can signal a recovery that has been hinted in other economic indicator releases.
You can find the full report here: U.S. Census Bureau Retail Trade Report
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.