From Yahoo Finance · · 1m
U.S. Retail Sales Beat Expectations
August retail sales rose 1.2% in U.S., exceeding forecasts and reversing July's decline.
In brief
August retail sales rose 1.2% in U.S., exceeding forecasts and reversing July's decline. U.S. retail sales increased 1.2% in August, beating expectations and reversing July's decline as inflation concerns rise. Originally reported by Yahoo Finance.
August retail sales rise
U.S. retail and food services sales rose 1.2% in August from the prior month, beating forecasts and reversing a July decline.
Sales total $773.9 billion
Total sales came in at $773.9 billion on a seasonally adjusted basis, up 6.0% from August 2025.
July figure revised
The July figure was revised to a 0.5% decline from a previously reported 0.6% drop.
Economists raise growth estimates
Economists surveyed by Reuters had forecast a 0.8% rebound, prompting higher third quarter GDP growth estimates.
Gasoline prices drive service station sales
Service-station sales rose 3.1% due to a jump in gasoline prices, according to Reuters.
Consumer confidence drops
The University of Michigan's Index of Consumer Sentiment fell to 51.0 in August from 55.2 in July, a drop of 7.6%.
The essence
U.S. retail sales increased 1.2% in August, beating expectations and reversing July's decline as inflation concerns rise.
