U.S Retail Sales Increased Again in February – March Report

Retails and foods services sales increased again in February 2012 compared with January 2012′s sales, and were also above the sales at February 2011.

The U.S. Department of Commerce issued its monthly report on the change in the U.S. retail and food sales during February 2012.

This report adjusts for seasonal variances and holidays but doesn’t control for price changes. In February, the U.S. retail and food sales reached $407.8 billion, which is 1.1% above the sales in January and 6.5% above February 2011. The gasoline stations sales were 10.3% higher in January 2012 than a year earlier and also 3.3% higher than in January 2012. Total sales of gasoline in January -February 2012 reached $83.391 billion (not adjusted for seasonality) – an increase of 11.2% from the parallel time in 2011. This shows a steady growth in the U.S demand for retail and consequently for energy commodities.

The major energy commodities prices are currently trading slightly down; the major exchange rates such as the Euro US dollar is also decreasing in the forex exchange rate market.

Current Nymex crude oil price, short term futures (April 2012 delivery) is traded up by 0.86% to $106.43 per barrel as of 09:58*.

Euro to US dollar exchange rate is currently traded down to 1.3057, a 0.20% decrease as of 09:58*.

Current gold price, short term futures (April 2012 delivery) is traded at $1,664.6 per t oz. a $29.6 decrease as of 09:58*.

(* GMT)

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