Retail Sales up 0.6% in Aug. From Jul. Even
Digest more
A separate report Tuesday from the National Retail Federation/CNBC and powered by Affinity Solutions, found that sales excluding autos and gasoline, which tend to be volatile month to month, grew by 0.5% in August. The gain was fueled by back-to-school shopping and seasonal discounts.
The latest increase in retail spending may prove the point. Retail sales rose strongly in August for the third month in a row, a sign that households are spending at healthy levels despite worries about lingering inflation and a weakening job market.