Retail Sales Skid

The winter storm that blanketed the East Coast in mid-February was clearly the big factor dampening sales

February retail sales plunged 1.6%, while the ex-auto aggregate dropped 1.0%. The figures were much weaker than expected. The winter storm that blanketed the East Coast around mid-month, which already had wreaked havoc with unit vehicle sales and chain store sales, was clearly the big factor dampening sales on the month.

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