Monday, April 1, 2019

US retail sales declined 0.2 percent in February

Washington Post
U.S. retail sales fell in February, as consumers pulled back their spending on building materials, groceries, furniture, electronics and clothing amid signs of a slowing economy.

The Commerce Department said Monday that retail sales fell 0.2 percent in February, after posting an upwardly revised gain 0.7 percent in January. Still, sales are running below their seasonally adjusted levels from November after a sharp 1.6 percent decline in December. . . . more