Retailers Unhappy With Consumer Spending in February
Spending at U.S. retail stores fell for the third straight month in February, which could signal an economic slowdown in the first quarter. February Retail Sales fell 0.1 percent last month versus the gain of 0.3 percent expected after declines in December and January. The three straight months of decline in Retail Sales has not occurred since April 2012. In order to have a healthy economy, the consumer has to spend. Consumer spending makes up two-thirds of the U.S. economy.