US February retail sales up 0.6 percent

NEW YORK: Americans picked up their spending a bit in February after pulling back the previous month. But last month’s gain was weaker than expected, and January’s decline was revised even lower, suggesting that many are growing more cautious with their money. Retail sales rose 0.6 percent last month after falling a revised 1.1 percent […]

US February retail sales up 0.6 percent

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NEW YORK: Americans picked up their spending a bit in February after pulling back the previous month. But last month’s gain was weaker than expected, and January’s decline was revised even lower, suggesting that many are growing more cautious with their money.

Retail sales rose 0.6 percent last month after falling a revised 1.1 percent in January, dragged down in part by inclement weather, according to the Commerce Department’s report on Thursday.

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