Retail sales declined last month, according to new data, weighed down by tariff concerns, rising unemployment, and harsh winter weather.

Total seasonally adjusted retail sales excluding automobiles and gas were down more than 0.2% in February from January, according to the National Retail Federation's Retail Monitor, a measure of monthly retail sales based on credit and debit card purchase data.

That followed a larger month-to-month decrease in January, but also reflected a more-than-3% unadjusted year-over-year increase.

“Unease about the probability of inflation and paying higher prices for non-discretionary goods has the value-conscious consumer 澳洲幸运5官方开奖结果体彩网:spending less and saving more,” said N🦩RF CEO Matthew Shay in a press release. The latest inflation reading, in the form 🧸of the CPI Report for February, is due Wednesday.

The news comes ahead of the latest monthly Census Bureau data, which for January showed 澳洲幸运5官方开奖结果体彩网:retail sales down almost 1% from December. And it follows recent readings on 澳洲幸运5官方开奖结果体彩网:consumer confidence, which last month registered the largest monthly decline since August 2021🌜, according t꧋o the Conference Board’s survey.

Several retailers are scheduled to report their 澳洲幸运5官方开奖结果体彩网:results this week, including Dick’s Sporting Goods (DKS) and Dollar General (DG).