The report showed a deeper consumer-retrenchment than was expected with sales sliding by 1.1% between months leaving the level 1.9% lower than a year ago.
Offsetting the losses, consumer-discretionary stocks advanced, following a positive report on U.S. retail sales, which grew 1.1% in February.
Some of the other key U.S. economic indicators next week include personal income and spending Monday, Chicago Purchasing Managers Index and consumer confidence on Tuesday, ADP private-sector employment report and Institute for Supply Management manufacturing PMI Wednesday, and initial jobless claims Thursday.
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It did report an increase in direct-to-consumer sales, which include catalog and Internet, by 6.5%.
The report - The Changing Face of the African consumer - surveyed 15, 000 people across 10 countries.
Consumer Reports is out with a new report that says the most-loved car in America is the Chevrolet Volt.
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The upshot of a 231-page report on reverse mortgages released today by the Consumer Financial Protection Board is that reverse mortgages are complex products and difficult for consumers to understand.
Even if financial stocks are excluded, the earnings picture for large-cap stocks still looks pretty good, with all but three sectors consumer staples, health care and utilities projected to report double-digit share-weighted profit growth.
U.S. economic data due for release Tuesday includes the weekly Goldman Sachs chain store sales index, the weekly Johnson Redbook retail sales report, the Case-Shiller home price index, the consumer confidence index, new residential home sales and the Richmond Fed business activity survey.
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Consumer debt has reached pre-recession levels, according to the Equifax National Credit Trends Report.
Tuesday brings the Case-Shiller Home Price Index and consumer confidence numbers, followed by the ADP Employment Report and factory orders on Wednesday.
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Overcapacity in the economy and commodity-price inflation seem to be the guiding forces behind Friday's consumer price report from the Bureau of Labor Statistics, as CPI gained 0.5% almost exclusively due to higher energy prices.
Information workers report using an average of four consumer devices to access an array of third-party applications in the course of any given day.
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Consumer demand for personal computers hit a four-year low in July, according to a report published on September 10th by Odyssey, a San Francisco research firm.
The consumer price index and industrial production and capacity utilization data all came in very close to pre-report expectations by the market place.
Private researchers who analyzed federal data on airline performance also said in a report being released Monday that consumer complaints to the Department of Transportation surged by one-fifth last year even though other measures such as on-time arrivals and mishandled baggage show airlines are doing a better job.
He was a keynote speaker at the Consumer Electronics Show in Las Vegas in January just days after Motorola warned it would report disappointing fourth-quarter results.
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