Retail Sales in February Were Confusing

Retail Sales in February Were Confusing

Ecommerce sales jumped. General merchandise retailers, supermarkets, etc., booked solid gains. Lower prices cut gasoline & auto sales. But restaurants?

US shoppers increased their spending slightly in February after a sharp decline the previous month, indicating that Americans are buying more cautiously as concerns about the coronavirus grow.

Retail sales add new complication to Fed rate cut forecasts

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Spot gold recovers to $2,990/oz as U.S. retail sales rise 0.2% in February

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US February retail sales +0.2% vs +0.6% expected

February 2024 US retail sales

U.S. retail sales show small rebound despite economic uncertainty

U.S. consumers stepped up spending in February, but the increase was modest, signaling that Americans are becoming more cautious with their finances. Retail sales rose by just 0.2% in February, following a sharp 1.2% drop in January. While some sectors saw sales growth, concerns over the economic outlook are influencing consumer behavior. Retail categories such as grocery stores, home and garden stores, and online retailers experienced sales gro…