Retail food and food-service sales increasing

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The U.S. Census Bureau has announced significant year-over-year increases in the value of food sales at retail and food service. Advance estimates of U.S. retail and food-services sales for February, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $387.1 billion, an increase of 1 percent from the previous month, and 8.9 percent above February 2010.

Total sales for the December 2010 through February 2011 period were up 8.2 percent from the same period a year ago.

Retail trade sales were up 0.9 percent from January 2011, and 9.5 percent above last year.

The advance estimates are based on a subsample of the Census Bureau’s full retail and food-services sample. A stratified random sampling method is used to select approximately 5,000 retail and food services firms whose sales are then weighted and benchmarked to represent the complete universe of over three million retail and food services firms.

Read the full report online.

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