Retail sales took a hit with a 0.6% drop last month, the steepest decline since May 2025, as post-tax-refund spending fizzled. Even excluding gas and car dealerships, sales fell 0.2%. Rising gas prices—now at $4.08 a gallon—have dampened consumer spending, with electronics and online shopping seeing the biggest pullbacks. Restaurants remain a bright spot, up 0.5%, while travel and hotels remain unmeasured in this snapshot.
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