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US retail sales fell 0.4% in February

The US Commerce Department said Retail sales fell 0.4% in February, while analysts had expected a 0.3% drop after surging 3.2% in January.

February retail sales were hit by a drop in auto sales.

Basic retail sales Sales of cars, gasoline, construction materials and food, which excluded vehicles, rose 0.5% in February after gaining 2.3% in January.

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