MasterCard Advisors SpendingPulse, a macroeconomic report tracking national retail Discount IWC services sales, provided summary results for performance of specific U.S. retail industries in February 2011. The month recorded continuing growth across most categories, maintaining the positive performance that began in fall 2010. However, February's year-over-year growth rates were smaller in most categories than those recorded in the Discount Jacob&Co through January 2011 period. Once again, SpendingPulse noted that the big winner was e-Commerce, with strength in a range of other sectors and declines only in a few categories such as Department Stores and Electronics and Appliances. Michael McNamara, VP, Research and Analysis for MasterCard Advisors Discount Jaeger leCoultre, notes, "February held onto the momentum from the last few months. Ongoing strong performance by the financial markets and growing consumer confidence Discount Montblanc have contributed to ongoing retail growth, especially in the upper tier of the different categories. This is even in the face of the disruptive weather that put a damper on spending in several sectors." McNamara also observes that the effects of rising gasoline prices have not yet been fully felt in the market. "February traditionally marks the low point of the year in consumer gasoline pumping. We will be watching gasoline demand closely over the next several months to see what, if any, effect the increased costs have on consumer behavior.
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