March Weather Dampens Sales

 Cold weather and the continued influence of payroll tax hikes caused a dip in March retail sales from February. 

April 6, 2018

March Weather Dampens Sales

Cold weather and the continued influence of payroll tax hikes caused a dip in March retail sales from February, according to the National Retail Federation.

Despite a 0.2 percent decreases in March retail sales seasonally adjusted from February (excluding automobiles, gas stations and restaurants), sales were up .6 percent unadjusted year-over-year.

March sales figures released Friday by the U.S. Department of Commerce showed a similar trend with total retail and food services sales (which include non-general merchandise categories such as automobiles, gasoline stations, and restaurants) decreasing 0.4 percent seasonally adjusted month-to-month and increasing 2.8 percent adjusted year-over-year.

Subscribe and receive the latest news from the industry.

Join 62,000+ members. Yes, it’s completely free.

You May Also Like

Loading..

Report

Loading..

This site uses cookies to provide you with the best user experience possible. By using License Global, you accept our use of cookies.