Retail sales in the U.S. increased by 0.2% in February, which was less than the expected 0.6% growth. Excluding autos, sales rose 0.3%, aligning with estimates. The control group, which excludes non-core sectors and directly impacts GDP calculations, saw a better-than-expected 1% increase. Online spending contributed positively to the sales figures, with nonstore retailers reporting a 2.4% increase. Health and personal care sales rose by 1.7%, while food and beverage outlets increased by 0.4%. However, bars and restaurants experienced a 1.5% decrease, and gas stations fell by 1% due to declining pump prices. — news from CNBC
