First Data has released
its First Data SpendTrend analysis for the full month of February 2011 compared to February 2010.
Overall dollar volume growth increased 8.5% in February, up from January’s 7.4% growth, as many retailers reported sales that beat expectations. Consumers demonstrated a renewed faith in the economic recovery and the unemployment rate dropped to 8.9% in February.
SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations.