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Friday, April 26, 2024
HomeNewsEconomyRetail Sales Rise Less Than Expected in August

Retail Sales Rise Less Than Expected in August

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Shopper at a mall impacting consumer data and retail sales reporting. (Photo: Reuters)

The Commerce Department reported on Tuesday that retail sales rose 0.2% in August, but they came in slightly below the 0.3% increase Wall Street expected. Excluding the volatile auto component, sales ticked up 0.1%, compared to forecasts for a 0.2% rise.

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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