Key Points:
- Retail sales, a measure of purchases at stores, restaurants and online, fell by 3% in February over the month.
- January sales were revised to 7.6%, up from the earlier estimate of a 5.3% increase.
- Consumers spent less on autos, furniture, electronics, home improvement, healthcare and clothing in February.
- Sales at gas stations were up strongly, by 3.6%, as gas prices have increased this year.
- The Right Facts will continue to monitor retail sales.