Tuesday, March 17, 2020

Retail sales drop 0.5% in February

Retail sales fell 0.5% in February, indicating the consumer sector was slowing even before the coronavirus struck with force in the United States.

The Commerce Department reported Tuesday that the February drop in sales followed a solid 0.6% gain in January.

Excluding motor vehicles and parts, retail sales were still down a sizable 0.4%.. . . more