Reported about 17 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