US Edition24 Articles
24 Articles
UK retail sales fall unexpectedly in August
LONDON -- British retail sales volumes unexpectedly fell last month in what is now their longest streak of declines since current records began, though sales volumes still remain above pre-pandemic levels, official data showed on Friday. Read More
U.S. retail sales unexpectedly rise in August; weekly jobless claims climb
WASHINGTON - U.S. retail sales unexpectedly increased in August, likely boosted by back-to-school shopping and child tax credit payments from the government, which could temper expectations for a sharp slowdown in economic growth in the third quarter. Retail sales rose 0.7% last month, the Commerce Department said on Thursday. Data for July was revised down to show retail sales
Retail sales rose last month even as delta variant spread
Despite a rise in COVID-19 cases, Americans kept shopping last month.Retail sales rose a seasonally adjusted 0.7% in August from the month before, the U.S. Commerce Department said Thursday. That uptick caught economists by surprise. They were looking for spending to decrease by 0.85%.But the delta variant has changed where Americans spend their time and money. Online sales soared 5.5% last month, while sales at restaurants and bars, many of who…
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