U.S. retail sales fell in February, as consumers cut their spending on building materials, food, furniture, electronics and clothing, shrinking against the backdrop of signs of a sluggish economy. posting a revised increase of 0.7% in January. In the past year, retail sales have kept pace with inflation, increasing their levels of 2.2%. President Donald Trump's tax cuts decrease in late 2017
Sales in construction materials fell 4.4% in February. Retail retailers in electronics and grocery stores declined by more than 1%.