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DeepNewz, mobile.
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Retail sales in the US showed mixed signals in February, with a rebound in overall sales but declines in e-commerce and control-group sales. Analysts suggest that consumer spending momentum has softened, although income growth may support future spending. Despite a slight improvement in nominal retail sales, the pace of growth remains slow.
Services spending slowing down … looking at 3-month average of monthly % change in restaurant/bar retail sales, February marked second consecutive decline https://t.co/IICuhdtAjn
E-commerce retail sales growth has cooled off … 6-month % change eased to +2.3% in February; just slightly under longer-term average https://t.co/6pvNlQ8yUK
Control group retail sales growth was flat in February, which was a relative improvement compared to January’s decline … momentum for 1Q2024 quite weak so far https://t.co/pL8fneogL7
