Plus   Neg

Retail Sales Inch Lower For Third Month

U.S. retail sales fell for a third month in a row in February, according to figures from the Commerce Department.

Retail sales were off 0.1 percent, disappointing economists looking for growth of 0.4 percent.

However, if gas and autos are stripped out, retail sales edged higher by 0.3%, a sign of health in the broader economy.

Gas station sales were down 1.2% and auto dealer sales slumped 2.3% as the post-hurricanes boom in car demand died down.

Also, January's drop was revised to just 0.1% from the 0.3% drop that was initially reported.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

comments powered by Disqus
Follow RTT