Retail rises a better-than-expected 1.2% in August after shoppers pulled back spending in July
Retail sales increased by 1.2% in August, surpassing expectations after a decline in July. Despite concerns over rising prices for fuel and other goods, consumer spending continues to support economic growth. This data comes from the latest government economic snapshot.
Consumers may be griping about higher prices at the pump and elsewhere, but they keep spending, helping to power the economy, according to the latest government snapshot.
READ NEXT
More on the wire
FROM THE PUBLISHER
Costco and Uber are inking a new partnership which expands their Uber Eats delivery service to dozens more states.
FROM THE PUBLISHER
Warren Buffett is stepping down as chairman of Berkshire Hathaway after serving in the role for more than 50 years. His son, Howard, will serve as Berkshire Hathaway's new chairman.
FROM THE PUBLISHER
Police on Thursday said they had reached a resolution in a 2005 cold case homicide and pointed to a longtime suspect who died in 2013.