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Retail Sales Likely Softened in February Ahead of Potential Pickup

Retail Sales Likely Softened in February Ahead of Potential Pickup
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U.S. Retail Sales Fell 3% in February — 2nd Update

Provided by
Dow Jones
By Amara Omeokwe
U.S. retailers and manufacturers slumped in February due to winter storms and supply-chain disruptions, but a broader economic rebound appears poised to accelerate this spring because of the easing pandemic and another round of government stimulus.
Retail sales a measure of purchases at stores, at restaurants and online fell by 3% in February compared with the prior month, the Commerce Department said Tuesday. The decline followed robust January sales that were propelled by stimulus payments to households from the December pandemic-relief package. January sales advanced a revised 7.6%, up from the earlier estimate of a 5.3% increase. ....

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