U.S. retail sales rose less than expected in February, suggesting consumers took a breather after spending in the fourth quarter at the fastest pace in 3 1/2 years.
The 0.3 percent gain reported by the Commerce Department was less than the 1 percent increase forecast by analysts. In January, sales fell 0.3 percent, led by a drop in automobile sales.
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Purchases of home furnishings and discounted cars rose last month, while spending declined for building materials.
Bloomberg News
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