US February Retail Sales Increased 0.2% Month-on-Month

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Summary

U.S. February retail sales increased by 0.2% compared to the previous month, recording a lower growth rate than expected.
Wall Street experts had expected a 0.6% increase, making this growth fall short of expectations.
Core retail sales increased by 0.3%, meeting expectations.

U.S. retail sales in February increased by 0.2% compared to the previous month.

According to data released by the U.S. Department of Commerce on the 17th (local time), U.S. retail sales in January increased by 0.2% compared to the previous month. Wall Street experts had expected a 0.6% increase.

Core retail sales, excluding food and energy, increased by 0.3%, meeting expectations.

The monthly retail sales indicator is a statistic that compiles product sales performance and can be an indicator of consumption changes and sentiment. A decrease in retail sales suggests that consumer sentiment is freezing due to high interest rates, high prices, and intensifying inflation.