Economy News – Follow-up
Retail sales in the United States have experienced growth, albeit falling short of analysts’ expectations for February.
Recent data released by the U.S. Department of Commerce indicates that retail sales rose by 0.2% month-over-month, following a notable decline of 1.2% in January. This growth, however, is below the anticipated increase of 0.6%.
On an annual basis, U.S. retail sales demonstrated a healthier increase of 3.1%, surpassing projected expectations of 2.8%.
Excluding automobile sales, retail sales saw an increase of 0.3%, aligning with forecasts.
Online retail sales have significantly contributed to this overall increase, rising by 2.4%. Additionally, sales in the personal and health care sectors grew by 1.7%, while food and beverage sales experienced a modest uplift of 0.4%.
Conversely, the restaurant sector experienced a downturn, with sales declining by 1.5%, and gasoline station sales fell by 1% during the same period.
This report is released against the backdrop of escalating commercial tensions and concerns regarding their potential impact on economic growth, particularly in light of the tariff measures implemented by the Trump administration on various trading partners.
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