US retail sales miss in February; may slow “in coming months”

16 March 2022

 

Summary:  US retail sales up 0.3 in February; rise a touch lower than 0.4% gain expected; January revision outweighs weaker-than-expected result; consumer confidence “weakness” suggests sales may slow in coming months; rises in six of twelve retail categories; “non-store” segment” the largest single influence, falls 3.7%. US retail sales had been trending up since late 2015 but, commencing in late 2018, a series of weak or negative monthly results led...

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