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, particularly on goods, that were propelled by stimulus payments to households and other stimulus from the De...
Source: morningstar.com