Retail Sales Down

Weak auto demand causes retail sales to fall in February

Retail Sales Down on Weak Auto Demand
Retails sales fell in February but beat analyst expectations. Retail sales were down 0.1 percent, according to the Commerce Department, and January sales were revised upward from 1 percent to 1.8 percent. Excluding automobiles, sales were up 0.7 percent.

Formed in 1974, the Independent Bankers Association of Texas (IBAT) represents Texas community banks. The Austin-based group is the largest state community banking organization in the nation, with membership comprised of more than 2,000 banks and branches in 700 Texas communities. Providing safe and responsible financial services to all Texans, IBAT member bank assets range in size from $10 million to $20 billion with combined assets statewide of nearly $165 billion. IBAT member banks are committed to supporting and investing in their local communities.

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Retail Sales Down