Retail sales fell in February dragged by lower spending at restaurants and on vehicles.

Closing Bell

Feb. Retail Sales Decline Amid Car Buying Drop

Retail sales down last month. And some other news after strong figures that we saw in January, so the consumer did start to pull back a bit sales falling .4% in February dragged lower by lower spending at restaurants and on automobiles. The latest data showing consumers may be pulling back spending on bigger purchases that they may take out a loan to cover like a car. For example, you could probably say the same about furniture and things of that nature with credit card rates at record highs.