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US retail sales dip in February as weather impedes demand

Figures drop by 3% but rebound is likely as govt disburses additional stimulus cheques, unemployment supplement

Published Wed, Mar 17, 2021 · 05:50 AM

Washington

US RETAIL sales fell more than expected moderately in February amid bitterly cold weather across the country, but a rebound is likely as the government disburses another round of pandemic relief money to mostly lower- and middle-income households.

Retail sales dropped by a seasonally adjusted 3.0 per cent last month,…

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