US retail sales exceed forecasts in August
Economies.com
2021-09-16 12:58PM UTC
At 12:30 GMT, the US economy released its reading for the retail sales index , which fell 0.7% in August, beating forecasts of drop by 0.7%, and better than the previous reading of a drop by 1.8% after it was revised from 1.1%.
The core reading (excluding car sales) rose 1.8%, beating forecasts of 0.1%, while the previous reading was at -1%. This data is positive for the US economy.
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