Broad-Based Gains Push U.S. Retail Sales Past Forecasts
Deep News
1 hour ago
U.S. retail sales rose more than projected in August, with increases observed across most categories, signaling continued strength in consumer spending. Data from the Census Bureau released Wednesday showed a 1.2% month-over-month gain in retail purchases, following a downwardly revised 0.5% drop in July. The median estimate from economists surveyed by media had anticipated a 0.8% increase. Excluding automobiles and gasoline, retail sales also climbed 1.2%. These figures are not adjusted for inflation.
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