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FTXG - Retail Sales Fell In February But Remain Above Trend
First Trust Nasdaq Food & Beverage ETF
Retail sales and food-services spending fell 3.0 percent in February pulling back from a record high in January.
Core retail sales, which exclude motor vehicle dealers and gasoline retailers, posted a 3.3 percent drop for the month following a record high in January.
Comparing the first two months to the fourth quarter, total retail sales and food services spending is up 19.8 percent at an annualized rate while core retail sales are up at an 18.0 percent pace.