Retail sales up 0.6%, topping forecast for August
CNBC · Just In
CNBC
Just In
Retail sales in August rose by 0.6%, significantly higher than the expected 0.2% increase. This marks the strongest retail sales growth since June, with core retail sales and figures excluding autos and gas also up by 0.7%. The previous month's retail sales were revised upward to a 0.6% increase.
Breakdown
- Retail sales in August rose 0.6%, beating the expected 0.2%. 30s
- Core retail sales and sales excluding autos and gas both increased by 0.7%. 42s
- July's retail sales were revised up from 0.5% to 0.6%. 1m 16s
- Import prices increased 0.3% month over month, contrary to expectations. 1m 29s
- Export prices rose 3.4% year over year, the highest since late 2022. 2m 18s