RETAIL SALES ROSE BY 0.7% IN AUGUST

Key Points:

  • Retail sales, a measure of purchases at stores, restaurants and online, rose by 0.7% in August over the month.
  • Consensus among economists was a 0.8% decline.
  • Excluding autos, retail sales rose by 1.8% over the month.
  • July’s retail sales were revised from a 1.1% decline to a 1.8% decline.
  • The Right Facts will continue to monitor retail sales.
Source