Retail Sales Up Only 0.1% In August, But Better Than Expected
Doug Short
~1 minute
Summary
- The Census Bureau's Advance Retail Sales Report for August revealed headline sales were up 0.1% last month.
- The latest reading was higher than the expected -0.2% monthly growth in consumer spending.
- Current retail sales are up 2.1% compared to August 2023.
- Core sales (ex Autos) rose 0.1% in August, coming in lower than the expected 0.2% growth.
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By Jennifer Nash
The Census Bureau's Advance Retail Sales Report for August revealed headline sales were up 0.1% last month. The latest reading was higher than the expected -0.2% monthly growth in consumer spending.
For an inflation-adjusted perspective