FLASH Headline Alerts, State of the Economy

Economic Update: Retail Sales Sluggish in August

shopper with bags sitting on steps

Sign Up to Receive an Email Alert when Flash Headlines are Published

State of the Economy Update: Retail Sales

U.S. Retail sales for the month of August rose by +0.2%. This was below the consensus estimate for an increase of +0.5% and in line with July’s revised level of +0.4%, which was revised higher from +0.2% (June: +0.4%, May: +0.5%, April: +0.1%, March: -0.4%, February: +1.0%, January: +0.2% December: +0.5%, November: +0.4%, October: -0.3%, September: +1.3%).

Excluding the sale of autos, sales gains rose +0.1%. This was below the consensus estimate of +0.3% and July’s reading of +0.6% (June: +0.1%, May: +0.3%, April: 0.0%, March: -0.4%, February: +1.0%, January: +0.4% December: +0.3%, Nov: -0.1%, Oct: 0.0%, Sept: +1.2%).

This report confirms that the economy continues to grow, albeit slowly

Remember, you are in control your email alerts! You can receive alerts for more than 20 free research report alerts including: The “10.0” Report, The Insiders Report, ETF Leaders Report, and The Focus List.

About the Author

David Moenning is the Chief Investment Officer at Sowell Management Services. Dave began his investment career in 1980 and has been an independent money manager since 1987. Thus, Dave has been live on the firing line and investing for a living for more than 29 years.