-
Retail Sales in U.S. Fell in February After January Revised Down
U.S. retail sales dropped in February and the prior month’s gain was revised to a decline, calling into question the narrative that bigger gains in consumer spending would propel economic growth at the start of 2016. The 0.1 percent decline in purchases followed a revised 0.4 percent January decrease, Commerce Department figures showed Tuesday. Sales excluding gasoline rose 0.2 percent in February, reversing the previous month’s retreat. The decrease in purchases, which included auto dealers, department stores and furniture outlets, showed Americans were salting away money saved at the gas pump amid volatile ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Mar 15, 2016 8:43am Mar 15, 2016 8:43am
- michaelpelly
- Joined Oct 2012 | Status: Member | 1992 Comments
- Comment #2
- Quote
- Mar 15, 2016 9:18am Mar 15, 2016 9:18am
- sknight1
- | Joined Mar 2014 | Status: Member | 59 Comments
- Comment #3
- Quote
- Mar 15, 2016 10:55am Mar 15, 2016 10:55am
- JimDandy
- Joined Aug 2007 | Status: Buying Lows and Selling Highs | 191 Comments