April 18, 2012
The retail industry is potentially on the rebound with some of the most current data out for public consumption. This is good news for businesses and entrepreneurs around the country who are all desperately looking for signs of recovery.
The latest advance report is out by the US Census Bureau on retail statistics estimates for March 2012. The report, including the statistics for the combined retail and food industry, cites that the industry total revenue for March 2012 was $411.1 Billion. This represented an increase of 0.8% over February 2012 and a 6.5% increase over March 2011 figures.
Retail industry sales alone increased by 0.8% from February 2012 and consistent with the 6.5% increase above March 2011 data. The biggest sector jump in the retail industry occurred in building material and garden retail sector, with a 14.1% increase over March 2011 statistics.
Business owners and the industry will cautiously analyze the next few months to determine if this pattern will continue and if it is solid signs of recovery.
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