U.S. retail sales decrease comparing to the last 6 months

It’s the first time in the last 6 months when the retail sales posted are this low. This indicates a tempering of the consumer spending that’s been carrying the economy. Purchases rose 0.1 percent, after a 0.6 percent increase in the prior month that was stronger than previously reported. Just four of the 13 major retail categories saw gains in February sales.

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Receipts dropped at electronics and appliances stores, apparel outlets and car dealers, a sign of more moderate consumption in the first quarter. While purchases may have been restrained by a temporary slowdown in individual tax refunds, robust confidence, healthy job growth and steady incomes may provide some fuel for a recovery in spending. Estimates for retail sales ranged from a 0.3 percent decrease to a 0.5 percent advance. The January reading was previously reported as a 0.4 percent rise.

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