INDICATORS RAISE CONCERNS ON THE MODERATE EXPANSION OF US ECONOMY

Highlights

• In January, overall retail sales rose 0.3%
• Sales jumped 2.1% at building material stores

In January, the U.S. consumer spending appears to have slowed further. Since 2009, the sales at clothing stores declined by the most. It raises concerns about the economy’s ability to continue expanding at a moderate pace.

On Friday, the Commerce Department said that....