US shoppers modestly increased spending last month as concerns rise about economic outlook

By CHRISTOPHER RUGABER and ANNE D’INNOCENZIO, Associated Press Business Writer

WASHINGTON (AP) — US shoppers stepped up their spending a just bit in February after a sharp pullback the previous month, signaling that Americans are spending more cautiously as concerns about the direction of the economy mount.

Related Articles

Nation |


Here’s what you need to know about St. Patrick’s Day

Nation |


Severe weather moves east after tornadoes, winds and wildfires killed at least 39 people

Nation |


Trump invokes 18th century law to speed deportations, judge stalls it hours later

Nation |


Transgender Americans weigh leaving US over Trump’s policies. Some already have

Nation |


Smoke detectors in the sky: Will wildfire affect bird behavior?

Retail sales rose just 0.2% in February, a small rebound after a sharp drop of 1.2% in January, the Commerce Department said Monday. Sales rose at grocery stores, home and garden stores, and online retailers. Sales fell at auto dealers, restaurants, and electronics stores.

The small increase suggests Americans may be growing more wary about spending as the stock market has plunged and President Donald Trump’s tariff threats and government spending cuts have led to widespread uncertainty among consumers and businesses.

On Friday, a measure of consumer sentiment fell sharply for the third straight month and is now down more than 20% since December. Respondents to the University of Michigan’s survey cited policy uncertainty as a leading reason for the gloomier outlook. While the respondents were divided sharply by party — sentiment about the current economy fell among Republican by much less than for Democrats — Republicans’ confidence in the economy’s future dropped 10%.

D’Innocenzio reported from New York.

Leave a Reply

Your email address will not be published.

Previous post US shoppers modestly increased spending last month as concerns rise about economic outlook
Next post Boston’s St. Patrick’s Day may be known for a boozy good time, but more are opting to forgo the buzz