Are consumers finally losing their confidence in spending

US shoppers increased spending by 0.2% in February following a 1.2% decline in January, according to the Commerce Department. Retail growth occurred in grocery stores, home and garden outlets, and online shopping. Sales fell at auto dealerships, restaurants, and electronics retailers. The growth reflects a cautious spending approach amid stock market declines and uncertainties related to tariff threats and government spending cuts. Consumer sentiment declined for the third month, dropping over 20% since December. The University of Michigan's survey identified policy uncertainty as a main factor for this pessimism. Confidence in future economic conditions decreased by 10% among Republicans, while their sentiment about the economy remained stable.Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.