The National Retail Federation reported disappointing retail sales figures for February, adding to concerns about consumer spending in the US. The latest data shows a rise of less than forecast, while the previous month’s sales were revised down to reflect its largest drop since July 2021. This decline is coupled with other economic indicators, including a drop in New York state manufacturing activity and weaker sentiment among homebuilders, all pointing towards slower economic growth.
Source: https://www.bloomberg.com/news/articles/2025-03-17/us-retail-sales-rise-by-less-than-forecast-after-january-drop