“Disappointed”: US August retail sales up but marred by revisions

16 September 2020

 

Summary:  Retail sales increases for fourth consecutive month; rise “disappointed”, less than expected; sales boosted by stores reopening; end of bonus $600 benefit “a likely key drag on further recovery”; majority of category segments increase sales over month; “Food, drinking places” the largest influence on total; US economy “losing momentum”, control group sales down by 0.1%..   US retail sales had been trending up since late 2015 but, commencing in...

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