Wednesday, March 15, 2017

Retail sales rose modestly in February

U.S. shoppers spent more cautiously in February despite the mild weather, possibly because of the slower pace of tax refunds.

Retail sales increased 0.1%, matching economists’ estimates. A measure of core sales -- which excludes the volatile sectors of autos, gasoline, food services and building materials -- rose 0.1%, below economists' 0.2% forecast.. . . more

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