US EditionUS Retail Sales Rise by Less Than Forecast After January Drop
- U.S. Retail sales rose by 0.2 percent in February after a 1.2 percent decline in January, according to the Department of Commerce.
- Sales at online retailers increased by 2.4 percent, while food services dropped by 1.5 percent, indicating varied trends across sectors according to the Department of Commerce.
- The University of Michigan Consumer Sentiment Index fell to its lowest level since November 2022, according to the University of Michigan.
- Ted Rossman of Bankrate stated that consumer confidence is declining due to concerns about tariffs and prices.
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What slumping retail sales mean for you from someone who was on the inside
The U.S. Commerce Department released its monthly report Monday, indicating that retail sales experienced a modest increase of 0.2 percent in February, following a revised 1.2 percent decline in January. This subdued growth has retailers pushing the panic button, forcing them to reassess their strategies in anticipation of potential economic challenges.Keep up with the latest in LGBTQ+ news and politics. Sign up for The Advocate's email newslett…
·Los Angeles, United States
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Total News Sources96
Leaning Left11Leaning Right12Center21Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 25%
C 48%
R 27%
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