February Retail Sales Growth Falls Short of Expectations

Reported about 16 hours ago

In February, retail sales experienced a modest increase of 0.2%, disappointing analysts who had anticipated a 0.6% rise, while January's figures were revised down to a decline of 1.2%. Despite concerns about a slowing US economy, sales excluding autos and gas rose by 0.5%, suggesting some resilience. The report highlights ongoing uncertainty and a potential slowdown in consumer spending amidst shifting economic forecasts.

Source: YAHOO

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