WASHINGTON—The U.S. job market is booming and worker paychecks are getting bigger, but Americans hunkered down on spending last month, a puzzle for an economy that leans heavily on their willingness to consume.
Sales at U.S. retailers fell 0.1% in February, marking a three-month slide. Much of the decline was tied to lower sales of cars and weak gasoline prices. Americans also reduced shopping on furniture, health products, groceries and electronics.
Source : WSJ