-
August retail sales pick up steam as consumers keep spending
August retail sales were stronger than the month prior, underscoring how the US consumer has remained resilient despite rising interest rates. Retail sales rose 0.6% in August from the previous month, above Wall Street's estimates for 0.1% growth. Sales excluding auto and gas increased by 0.2%, above estimates for a 0.1% decline compiled by Bloomberg. Meanwhile, July's sales were revised down to a 0.5% increase from 0.7%. The report, released by the Commerce Department, offers a snapshot of consumer spending at a time when economic data has been coming in largely stronger than expected and the Federal Reserve has ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Sep 14, 2023 8:47am Sep 14, 2023 8:47am
- jordanvic
- | Joined Jul 2020 | Status: Bro | 925 Comments | Online Now
- Comment #2
- Quote
- Sep 14, 2023 8:48am Sep 14, 2023 8:48am
- fx6996
- Joined Feb 2023 | Status: Member | 210 Comments
- Comment #3
- Quote
- Sep 14, 2023 9:23am Sep 14, 2023 9:23am
- Guest
- | IP XX.XXX.125.78
- Comment #4
- Quote
- Sep 14, 2023 9:46am Sep 14, 2023 9:46am
- Ftmofx
- | Commercial Member | Joined Feb 2022 | 983 Comments
- Comment #5
- Quote
- Sep 14, 2023 10:09am Sep 14, 2023 10:09am
- jordanvic
- | Joined Jul 2020 | Status: Bro | 925 Comments | Online Now
- Comment #6
- Quote
- Sep 14, 2023 10:27am Sep 14, 2023 10:27am
- Guest
- | IP XX.XXX.89.252