Mixed data offer glimmers of hope for slowing U.S. economy

U.S. retail sales unexpectedly fell in February, but a rebound in factory activity in March and strong increase in construction spending offered hope the economy was not slowing as sharply as previously feared. Retail sales dropped 0.2 percent as households cut back on purchases of furniture, clothing, food and electronics and appliances, as well as building materials and gardening equipment. Cold and snowy weather could also have hurt sales. The dollar was little changed against a basket of currencies, while U.S. Treasury prices fell. Stocks on Wall Street were trading higher.While demand is softening, the supply side of the economy is stabilizing.16 industries, including machinery, computer and electronic products, furniture, and electrical equipment, appliances and components, reported growth last month. Apparel and paper products industries reported a contraction.A measure of export orders fell, likely reflecting softening global economic growth. Factories reported hiring more workers last month.

https://www.reuters.com/article/us-usa-economy/mixed-data-offer-glimmers-of-hope-for-slowing-us-economy-idUSKCN1RD2CK