U.S. retail sales increased 0.6% month-on-month in February, lower than market expectations.
Data show that driven by the growth in sales of building materials, automobiles and gas stations. February retail sales data shows that American consumers are currently cautious about consumption and will not buy goods at will. Personal consumption expenditure growth in 2024 will likely be weak. Some experts also believe that American. consumers’ consumption expenditures are shifting more from commodity consumption to service. consumption consumption.