Retail sales increased 0.2% in February, less than expected; ex-autos up 0.3%, meeting estimate [View all]
Source: CNBC
Published Mon, Mar 17 2025 8:32 AM EDT Updated 5 Min Ago
Consumers spent at a slower than expected pace in February, though underlying readings indicated that sales still grew at a solid pace despite worries over an economic slowdown and rising inflation.
Retail sales increased 0.2% on the month, better than the downwardly revised decline of 1.2% the prior month but below the Dow Jones estimate for a 0.6% increase, according to the advanced reading Monday from the Commerce Department. Excluding autos, the increase was 0.3%, in line with expectations.
The sales number is adjusted for seasonal factors but not for inflation. Prices rose 0.2% on the month, according to a previous Labor Department report, indicating that spending was about on pace with inflation.
The so-called control group, which strips out non-core sectors and feeds directly into gross domestic product calculations, rose a better than expected 1%.
Read more: https://www.cnbc.com/2025/03/17/retail-sales-increased-0point2percent-in-february-less-than-expected.html
From the source - https://www.census.gov/retail/sales.html
Article updated.
Previous article -
Consumers spent at a slower than expected pace in February, though underlying readings indicated that sales still grew at a solid pace despite worries over an economic slowdown and rising inflation.
Retail sales increased 0.2% on the month, better than the downwardly revised decline of 1.2% the prior month but below the Dow Jones estimate for a 0.6% increase, according to the advanced reading Monday from the Commerce Department. Excluding autos, the increase was 0.3%, in line with expectations.
The so-called control group, which strips out non-core sectors and feeds directly into gross domestic product calculations, rose a better than expected 1%.
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Original article/headline -
Published Mon, Mar 17 2025 8:32 AM EDT
Retail sales were expected to show a 0.6% increase in February, according to the Dow Jones consensus estimate.
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