Consumer demand declined in February, impacting businesses
In February, consumer spending showed signs of weakness. Businesses have reported a decline in demand as inflation, layoffs, and economic uncertainty affect shoppers' habits. Even those with higher incomes are cutting back on spending. Analysts note that this trend could impact the overall economy. The unexpected drop has raised concerns about whether it is a temporary issue or a sign of longer-lasting challenges for consumers. Companies are closely monitoring the situation as they plan for the coming months.