Braking Down The News

U.S. Retail Sales Rose 0.3% in August, Showing Resilience in Face of Inflation

Shoppers spent more on vehicles, groceries and clothing as gasoline prices eased


Consumers spent at stores and restaurants at a steady pace last month, showing persistent demand despite high inflation.

Retail sales, a measure of spending at stores, online and in restaurants, rose 0.3% in August from the prior month, the Commerce Department said Thursday. The gain outpaced inflation and marked a reversal from July’s 0.4% decline.


Continue Reading…


This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More