Os retail spending of the USA They increased 0.6% in August, the Department of Commerce said on Tuesday (16), with no changes compared to July 0.6%, after review up.
Despite persistent fears about the US economy, slowdown in labor market e tariffsthe result exceeded the expectations of economists from an increase of 0.2%, according to a survey by the data company FACTSET.
Retail sales are adjusted according to seasonal variations, but not with inflation.
Employers have been hiring in recent months as Americans become pessimistic about the future of the economy. To the tariffs the president Donald Trump also
However, US consumers have not yet cut their spending significantly and can continue to spend as long as layoffs do not increase.
Retail spending increased in most categories last month, with online sales and purchases in clothing stores rising more, 2% and 1%, respectively.
The retail sales control group – a measure that eliminates volatile components – rose 0.74% in August, above 0.5% in July and well above the expectations of economists from an increase of 0.4%.
Sales last month fell in Lspecialized ears and retailers from furniturewith a drop of 1.1% and 0.3%, respectively. Spending on stores Natural Products e department stores They fell 0.1% each.
“The economy seems to be doing very well for now, and perhaps the slowdown in the wage labor market is a big farce when it comes to predicting the economy,” wrote Christopher Rupkey, chief economist at FWD Bonds, in an analyst statement on Tuesday.
“Consumer spending is resilient. Interest rate cuts do not need to be adjusted, because the economy is doing very well.”
Spending on restaurants and bars increased 0.7% in August compared to the previous month, according to the report.
*Update
