A man walks past a store in New York City. The seasonally adjusted US retail sales data for February showed the decline from the prior month was much worse than expected. – AFPPIXUS retail sales fell 3.0% in February, the Commerce Department said on Tuesday, as winter weather forced shoppers to defer purchases.
However, analysts expect spending to accelerate in the months to come, thanks to another round of stimulus cheques of as much as US$1,400 per person and the other aid flooding into the economy from President Joe Biden's US$1.9 trillion aid plan approved last week, and as Covid-19 vaccine campaigns accelerate.
Petrol stations managed a 3.6% increase from January as oil prices jumped, while food and beverage stores saw flat sales.
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