February retail sales beat expectations
CNBC · New
CNBC
New
U.S. retail sales in February increased by 0.6%, surpassing the anticipated 0.5% rise and marking the highest monthly growth since June 2023.
Breakdown
- February retail sales rose 0.6%, beating the expected 0.5% 13s
- Excluding autos, sales increased 0.5%, also above forecasts 25s
- Core retail sales rose 0.5%, matching October's gain 43s
- January's sales revisions show smaller declines and higher gains 55s
- 10-year Treasury yield at 4.30%, slightly down after the data release 1m 37s