American retail sales speed down

American retail sales speed down

In August, American retail sales demonstrated their smallest revenue for six months due to the fact that customers cut back on buying cars and clothing, although upward revisions to July data kept intact hopes for firm economic surge in the third quarter.

On Friday, other data disclosed the biggest sink in import prices for more than 1-1/2 years in August against the backdrop of a slump in the cost of fuels as well as a range of other products. Additionally, the dismal import price data showed up on the heels of soft inflation outcomes in August.

Apparently, signs of decelerating consumer spending as well as inflation didn’t change views that the key US bank is going to have interest rates raised later in September. The Federal Reserve has ramped up borrowing costs twice in 2018.

As the Commerce Department informed, retail sales rallied by 0.1% in August, which is the smallest leap since February. July’s data for July was updated upwards to show sales adding 0.7% instead of the previously posted 0.5% profit.

Market experts had foreseen retail sales rallying by 0.4% in August. Last month retail sales managed to leap by 6.6% from 2017.

Excluding gasoline, cars, food services, and building materials retail sales tacked on by 0.1% in August after an upwardly updated 0.8% rally in July.

Previously, core retail sales rallied by 0.5% in July. Notwithstanding the deceleration in core retail sales in August, consumer spending is still backed by a tightening labor market, steadily driving salaries.

In August, annual wage surge tacked on at its fastest tempo for more than nine years, Spending had been also backed by tax cuts as well as higher savings, not to mention high consumer sentiment.

The evergreen buck jumped versus a group of key rivals on the data.


Latest news

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera