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February Retail Sales Add to Worry About Consumer Spending
Retail sales rose a lot less than expected in February—0.2% vs. a 0.7% consensus forecast among analysts tracked by FactSet. The change in January sales was also revised lower. It is worth noting that so-called control group retail sales, or sales excluding food, gas, and autos, increased 1% compared to expectations for a 0.4% gain.
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