U.S. February Retail Sales Data Anticipated to Show Growth

According to BlockBeats, the United States is set to release its February retail sales figures at 20:30 UTC+8. The expected growth rate is 0.6%, compared to the previous month's decline of 0.90%. Retail sales encompass the total value of goods sold by retail businesses, either in cash or on credit, excluding service sector expenses. This data is crucial for assessing the current state and future prospects of the nation's economy, as it directly reflects changes in consumer spending. A result exceeding the forecast could positively impact the U.S. dollar.