India, March 17 -- After reporting a notable decrease by U.S. retail sales in the previous month, the Commerce Department released a report on Monday showing a modest rebound by retail sales in the month of February.
The Commerce Department said retail sales rose by 0.2 percent in February after tumbling by a revised 1.2 percent in January.
Economists had expected retail sales to climb by 0.7 percent compared to the 0.9 percent slump originally reported for the previous month.
"The February retail sales report painted a cautious picture of consumer spending following the cold-weather plunge in January," said Nationwide Chief Economist Kathy Bostjancic. "Given that spending on services accounts for about two-thirds of all real consumer sp...