Retailers See February Sales Jump Wed, 31 Mar 2021 06:00:49 EDT
Michigan retailers reported a large jump in February sales over January, now reporting three months of positive growth since slower sales in November.
The February Retail Index survey came in at 71.0, a large jump from January’s 59.4. Forty-six percent of Michigan retailers reported an increase in sales over January, 26% reported a sales decline; and 28% reported no change. The 100-point Index provides a snapshot of the state’s overall retail industry.
Index values above 50 generally indicate positive activity; the higher the number, the stronger the activity.
WebReadyTM Powered by WireReady®NSI