PiCK
U.S. February retail sales rise 0.6% m/m, slightly topping estimates
Summary
- The U.S. Department of Commerce said U.S. retail sales rose 0.6% in February from the previous month, slightly above the consensus estimate of 0.5%.
- U.S. retail sales in February rose 3.7% year on year, while January was revised down to a 0.1% decline month on month.
- Wall Street has warned that uncertainty over the Trump administration’s second-term tariff policy and recession fears could hurt U.S. consumer sentiment and potentially curb personal consumption expenditures.
Forecast Trend Report by Period
U.S. retail sales in February rose 0.6% from the previous month, beating market expectations.
The U.S. Department of Commerce said on the 1st (local time) that retail sales in February increased 0.6% month on month. The figure came in 0.1% point above the consensus estimate (0.5%).
On a year-on-year basis, sales rose 3.7%. January retail sales were revised to a 0.1% decline from a previously reported 0.2% drop.
The monthly U.S. retail sales report is an advance estimate that primarily tracks goods purchases within overall consumption. It is viewed as a gauge of shifts in consumer spending, a core pillar of the U.S. economy.
On Wall Street, concerns have grown that uncertainty over the Trump administration’s second-term tariff policy and recession fears could undermine consumer sentiment and weigh on personal consumption expenditures.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
