US retail sales see modest growth in Feb amid economic uncertainty
US retail sales rose 0.2 per cent MoM and 3.1 per cent YoY in February, following a January decline. Core retail sales grew 0.9 per cent MoM but fell 0.2 per cent YoY. The CNBC/NRF Retail Monitor showed mixed results. NRF's Jack Kleinhenz cited inflation concerns, economic policy shifts, and strong Q4 spending as factors. Despite softer spending, strong job growth supports consumer confidence.
US retail sales rose 0.2 per cent MoM and 3.1 per cent YoY in February, following a January decline.
Core retail sales grew 0.9 per cent MoM but fell 0.2 per cent YoY.
The CNBC/NRF Retail Monitor showed mixed results.
NRF's Jack Kleinhenz cited inflation concerns, economic policy shifts, and strong Q4 spending as factors.
Despite softer spending, strong job growth supports consumer confidence.
