Retail sales rise a better-than-expected 1.2% in August after shoppers pulled back spending in July
U.S. retail sales rose by 1.2% in August, rebounding from a revised 0.5% decline in July and exceeding economist expectations. Commerce Department data indicates that consumer spending remains a primary driver of the economy despite persistent concerns over high prices for gasoline and other goods.
NEW YORK (AP) — 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. Retail sales rebounded at a better-than-expected 1.2% increase last month after recording a revised 0.5% dip in July, according to Commerce Department data released...
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