US Edition
U.S. Retail Sales Rise 0.6% in February, Beating Forecasts
The control group, a closely watched gauge of underlying demand, rose 0.45% as spending increased at nearly every category, the Commerce Department said.
- United States retail sales rose 0.6% in The February, the Commerce Department reported Wednesday, surpassing the 0.5% increase Economists projected in a FactSet poll.
- Sales recovered after The February followed a downwardly revised 0.1% decline in January, marking Americans' first spending increase after three consecutive months of contraction.
- Retail spending climbed across nearly every category, with department stores , personal care shops , and clothing retailers leading; only grocery and furniture retailers each declined 1%.
- Despite the uptick, the Commerce Department noted the war involving the United States, Israel, and Iran is causing gasoline prices to surge, potentially curbing future consumer spending.
- Americans continue to power the economy through their spending as layoffs remain historically low, supporting consumer activity despite tepid job growth over the past year.
43 Articles
43 Articles
Consumers Open Their Wallets Again as Retail Sales Rise 0.6 Percent
Shoppers opened their wallets again in February after consumers stayed home during January’s severe winter storm. Retail sales rose by 0.6 percent, from an upwardly revised 0.1 percent decline in the previous month, according to new Census Bureau data released on April 1. Market watchers had penciled in a 0.5 percent increase. On a 12-month basis, retail sales jumped to 3.7 percent. This represented the best monthly gain in seven months, fueled …
U.S. Retail Sales Rebound Strongly In February
The U.S. retail sales rebounded in February, rising 0.6 percent after three months of decline, signaling continued consumer resilience despite economic uncertainty. According to CNN, the increase exceeded expectations and followed a revised dip in January. The report said spending rose across most categories, with strong gains at department stores, clothing retailers, and personal care outlets. Only grocery and furniture sales declined slightly.…
The result was higher than the market estimate for the period, up to 0.5%.
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Bias Distribution
- 44% of the sources are Center
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