US retail sales rose by less than forecast in February and the prior month was revised lower, adding to concerns of a pullback in consumer spending.
The value of retail purchases, not adjusted for inflation, increased 0.2% after a revised 1.2% decline in January, Commerce Department data showed Monday. Excluding autos, sales advanced 0.3%.
The retail report largely encompasses spending on goods, which is especially relevant now as President Donald Trump imposes tariffs on a swath of imports from major trading partners — likely driving up prices. That’ll not only hit low-income consumers who are already strapped for cash, but also wealthier Americans as a recent stock-market selloff discourages big investments.
Seven of the report’s 13 categories posted decreases, notably motor vehicles — which were expected to rebound from a weak January. Gasoline sales, as well as those of electronics and apparel were also lower. Spending at restaurants and bars, the only service-sector category in the retail report, declined by the most in a year.
Stock futures pared losses and Treasury yields rose after the report.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。