U.S. Economic News
March 16, 2021
U.S. Economic Indicators
Retail sales fell 3.0% in February but were up 6.3% from last year. Core sales — which exclude autos, gasoline, building materials, and food services — decreased 3.5% from the prior month. Census Bureau Report
Business inventories increased 0.3% in January but were down 1.6% from January of last year. Manufacturers’ sales rose 1.9% and were up 0.8% compared to a year ago. Census Bureau Report
Industrial production decreased 2.2% in February and is down 4.2% year-over-year. Capacity utilization fell 1.7 percentage points to 73.8%. Fed Report