Retail and food services sales rose just 0.2% month-on-month (m/m), disappointing expectations for a stronger rebound following January’s contraction. Data revisions also expanded January’s contraction to -1.2% m/m from the initially reported 0.9% decline. Vehicle and parts sales fell for the second consecutive month, weighing on the headline (-0.4% m/m). Sales at gasoline stations also […]

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