Reasons to Read

In March 2025, US retail sales (excluding gasoline and automobile sales) rebounded from February’s decline, despite concerns around tariffs. Using data from the US Census Bureau, we analyze US retail sales in February 2025, in total and by sector.

Data in this research report are:

• Year-over-year changes in US total retail sales (excluding gasoline and automobiles), March 2024–March 2025
• Year-over-year changes in retail sales by sector, February and March 2025

Other relevant research:

• US Tariffs: Three Actions for Risk Mitigation and Long-Term Positioning
• Inflation Up, Sentiment Down: Alarm Bells for the US Consumer Economy?
• Our monthly reports keep you up to date on retail sales (in total and by sector) and key consumer indicators in the US.
• All our coverage of macroeconomics
• The US Retail Sales Databank features retail sales values and year-over-year growth, in total and by sector, by year and by month. This Databank is updated monthly.