August Retail Sales Rose More Than Expected, Most in 5 Months

August Retail Sales Rose More Than Expected, Most in 5 Months

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shoppers in Fredricksburg, VAA retail sales jump in August — by the largest amount in five months — suggests the spring downturn was temporary and not the start of another recession.

The Commerce Department says retail sales rose 0.4 percent last month —  0.6 percent, if auto sales are excluded.

That’s double the amount economists had expected and follows a 0.3 percent rise in July.

The advance was the latest indication that the economy is regaining its footing.

(READ the full AP story)

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