U.S. February Retail Sales Rise 0.6%, Beating 0.5% Forecast
The April 1 data release showed consumer spending grew faster than expected, while the previous reading was revised upward from a 0.2% decline to a 0.1% decline.
Summary
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Terms & Concepts
- Retail sales: A macroeconomic indicator that measures total consumer spending at the retail level and is often used to gauge the strength of household demand.