NAICS 444 decline in February
It was a month of underperformance for building supply and home center retailers.
Building material and garden equipment and supplies dealers saw sales slip 4.4% in February, compared to January. That was the largest month-to-month decline among the 16 sectors tracked.
But the category – NAICS 444 – was up 1.4% compared to February of 2018.
Total advanced-estimate unadjusted sales for the LBM dealer and home center category, was $25.719 billion.
Looking at the rest of the industry, advance monthly sales for U.S. retail and food services sales slipped 0.2% to $506.0 billion in February, according to the U.S. Census report. That’s 2.2% above February 2018.
Retail trade sales were down 0.2% from January 2019, but 2.1% above last year. Non-store retailers were up 10.0% from February 2018, while health and personal care stores were up 5.9% from last year.
The 4.4% decline of NAICS 444 was the largest decline. Second-largest belonged to Miscellaneous store retailers (NAICS 453), which were down 1.6%, according to the Census report released Monday.
The big winners, relatively speaking, during February were non-store retailers (NAICS 454), up 0.9% compared to January; and motor vehicle & parts dealers (NAICS 441), up 0.7%.
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