US: Retail Sales Continued to Grow as Sales at Car Dealers Outperformed

Retail sales were up 0.3% month-on-month (m/m) in August – above the consensus forecast (-0.1% m/m) –  and higher than the flat reading in July. Sales at autos & parts dealers were the major contributor to today’s gains, with a 2.8% m/m rebound from July’s 2.0% m/m decline. Excluding autos, retail sales were down 0.3% […]

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