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)