Retail spending fell 0.22 per cent in February due to tariff concerns but grew 4.11 per cent YoY, indicating economic resilience.
President Trump’s tariff hikes impacted consumer sentiment, causing the index to drop to 64.7.
Online sales surged 36.51 per cent YoY, while general merchandise grew 6.2 per cent.
NRF’s CEO cited inflation fears and policy uncertainty as key factors.