U.S. Retail Sales Fell 3% in February — Update
Provided by Dow Jones By Amara Omeokwe U.S. shoppers pulled back sharply on retail spending during February, but a broader economic rebound appears poised to accelerate this spring because of the easing pandemic and another round of government stimulus. Retail sales--a measure of purchases at stores, at restaurants and online--fell by 3% in February compared with the prior month, the Commerce Department said Tuesday. The decline followed robust January sales, particul...
Source: morningstar.com