Economy

Consumer spending rebounded in February, according to the CNBC/NRF Retail Monitor

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Customers shop in a Walmart Supercenter on February 20, 2024 in Hallandale Beach, Florida. 

Joe Raedle | Getty Images News | Getty Images

Consumer spending bounced back in February from a January dip, with a little help from Leap Day. But sales still registered good gains even after correcting for that extra spending day.

The CNBC/NRF Retail Monitor, derived from actual credit card spending data from Affinity Solutions, rose 1.06% in February, when excluding autos and gas. It increased 0.95% when taking out restaurants as well, the Retail Monitor’s core measure.

Removing the effect of the Leap Day, sales rose 0.4%, or less than half of the unadjusted gain, but they were still up from the…



Source cnbc.com

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