U.S. Retail Sales Rebound In February But Much Less Than Expected
17 Março 2025 - 7:13AM
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After reporting a notable decrease by U.S. retail sales in the
previous month, the Commerce Department released a report on Monday
showing a modest rebound by retail sales in the month of
February.
The Commerce Department said retail sales rose by 0.2 percent in
February after tumbling by a revised 1.2 percent in January.
Economists had expected retail sales to climb by 0.7 percent
compared to the 0.9 percent slump originally reported for the
previous month.
"The February retail sales report painted a cautious picture of
consumer spending following the cold-weather plunge in January,"
said Nationwide Chief Economist Kathy Bostjancic. "Given that
spending on services accounts for about two-thirds of all real
consumer spending, we now see real consumer spending on pace to
rise just 1.4% this quarter (following the 4.2% surge in Q4)." She
added, "A softening in consumer spending this quarter was to be
expected following consumers rush to purchase goods last quarter
ahead of looming tariffs, but the sharp deterioration in consumer
confidence levels related to the tariffs and decline in the stock
market is also weighing on spending activity."
The uptick by retail sales came despite a continued decrease in
sales by motor vehicle and parts dealers, which fell by 0.4 percent
in February after plunging by 3.7 percent in January.
Excluding the drop in sales by motor vehicle and parts dealers,
retail sales increased by 0.3 percent in February after falling by
0.6 percent in January. Ex-auto sales were expected to rise by 0.5
percent.
The modest increase by ex-auto sales partly reflected a
significant rebound by sales by non-store retailers, which surged
by 2.4 percent in February after tumbling by 2.4 percent in
January.
Sales by health and personal care stores also saw considerable
growth, while sales by department stores, food services and
drinking places and gas stations fell sharply.
Meanwhile, the report said core retail sales, which exclude
automobiles, gasoline, building materials and food services, jumped
by 1.0 percent in February after slumping by 1.0 percent in
January.
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