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U.S. Retail Sales Rose 0.3% in February

March 16, 2022 at 08:59 am EDT

By David Harrison

Americans kept up retail spending in February but at a slower pace than the prior month, as they faced high inflation and rising gasoline prices related to Russia's invasion of Ukraine.

Retail sales rose a seasonally adjusted 0.3% in February compared with January, the Commerce Department said Wednesday, a slowdown from January's revised 4.9% monthly increase. Retail sales figures are not adjusted for inflation.

Sales of autos and auto parts were up 0.8% and sales at gasoline stations rose 5.3%.

Write to David Harrison at david.harrison@wsj.com

(END) Dow Jones Newswires

03-16-22 0858ET

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David Harrison

Mr. David W. Harrison is a Group Chief Executive Officer, Executive Director & Managing Director at Charter Hall Retail REIT, at Charter Hall Group, a Joint Managing Director & Executive Director at Charter Halls Fund Management Ltd., a Chief Executive Officer, Director & Managing Director at Charter Hall Long WALE REIT, a Director & Vice President at Property Council of Australia Ltd., a Group Chief Executive Officer & Executive Director at Charter Hall Ltd., a Managing Director at Charter Hall Holdings Pty Ltd., a Managing Director & Chief Executive Officer at Charter Hall Retail Management Ltd., a Managing Director & Group Chief Executive Officer at Charter Hall Property Securities Management Ltd., a Member at Australian Property Institute Ltd. and a Member at Male Champions of Change Ltd. He has over 31 years’ property market experience.
Mr. Harrison was previously employed as a Managing Director by Savills (Australia) Pty Ltd. He also served on the board at Charter Hall Office Management Ltd. and Charter Hall Office Trust.
He received his B.Bus (Land Economy), FAPI, GDipAppFin from University of Western Sydney.

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Linked companies
CHARTER HALL GROUP	Chief Executive Officer
Charter Hall Ltd. Charter Hall Ltd. Investment ManagersFinance Part of Charter Hall Group, Charter Hall Ltd. is a property investment and Australian funds management company with over 30 years of experience. The company is based in Sydney, Australia, and is one of the largest managers of CBD office properties within the country. The company offers a range of investment options across office, industrial, retail, and social infrastructure to a diverse range of investors. The CEOs of the company are David William Harrison, David John Southon.	Chief Executive Officer

Linked companies

CHARTER HALL GROUP

Chief Executive Officer