Overview of Retail Sales
The US retail sales fell by 0.22% in February. This slight dip comes on the heels of a decline in January, attributed to factors such as weather conditions and tariffs. However, on a year-over-year basis, retail sales still showed a positive trend, growing by 2.3%.
What to Expect Ahead
Despite the February decline, analysts remain optimistic about future retail performance. The combination of recovery from the earlier decline and ongoing economic factors may set the stage for further increases in retail sales as the year progresses.
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