14 March 2002, 13:53 US Retail Sales +0.3% in Feb, Ex-Autos +0.2%
A combination of price discounting and consumers pausing in buying, especially in
nonessentials, are the probable causes that U.S. February retail and
food services sales came in surprisingly weaker than expected. However,
there are clear signs even in this pause that Q1 economic growth is
shaping up to be a blockbuster. February retail & food sales posted
+0.3%, and ex-auto sales came in at +0.2%. //MarketNews
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