U.S. Redbook Index Improves in February

The United States Redbook Index improved in February, signaling an improvement in the retail sector as the economy recovers from the impact of the Coronavirus pandemic.

The Johnson Redbook Index recorded -0.8% this month, compared with -0.9% in January, according to data by Redbook Research on Tuesday.

The index, which reflects the state of most merchandise retailers in the U.S., registered 2.9% on an annual basis, compared with a previous reading of 4%.