U.S. retail sales rose 0.6% in August, exceeding expectations, with July’s figures also revised up to 0.6%, the Commerce Department reported.
Strong gains were seen in e-commerce (+2%), clothing (+1%), and sporting goods (+0.8%), while department stores, furniture, and miscellaneous retailers saw slight declines.
The data, unadjusted for inflation, highlights robust consumer spending despite labor market concerns and rising prices, providing a bright spot for the economy amid fears of a summer slowdown, Axios has reported.
