US EditionRetail sales up 0.6% in August from July even as tariffs hurt jobs and lead to price hikes
Retail sales rose 0.6% in August, driven by back-to-school and online purchases, despite tariff-induced inflation and a weakening labor market, with sales up 5% year-over-year, Commerce Department said.
- Retail sales increased by 0.6% in August from July, with a revised growth of 0.6% in July, according to the Commerce Department's report.
- Excluding auto sales, retail sales rose by 0.7% in August.
- Restaurant business, a key indicator of discretionary spending, saw a rise of 0.7%.
- Americans are reportedly increasing their purchases in anticipation of rising prices amidst inflation.
92 Articles
92 Articles
US retail sales rise for third straight month
US retail sales rose in August for a third straight month, the latest sign of consumer resilience despite other gloomy economic signals. The Federal Reserve is closely watching spending trends as policymakers debate a path for interest rate cuts — with the first trim expected Wednesday — but signs of a weakening labor market loom over the economy. Americans are still spending, but “the big question is how long this can continue if layoffs pick u…
U.S. retail sales beat expectations in August despite tariffs
Retail sales in the United States were hotter than expected in August, government data showed Tuesday, although analysts warned consumers may run out of steam as President Donald Trump's tariffs bite. Overall sales jumped by 0.6 percent on a month-on-month basis in August, holding steady from July's 0.6-percent pace, the…
Retail sales jump in August on surprisingly strong back-to-school season
US retail sales showed surprising strength during the back-to-school season – a sign that Trump’s tariffs haven’t yet cowed shoppers as the Federal Reserve weighs a decision on cutting rates.
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