A strong rebound in US retail sales suggests last month's sluggish growth was nothing more than an aberration

Jay Soloff

Argonath Financial

A strong rebound in US retail sales suggests last month's sluggish growth was nothing more than an aberration. August retail sales increased 0.6% from the prior month, in line with expectations. The July figure was also revised up from unchanged to 0.3%. More importantly, the annual trend in retail spending is showing a robust 5% increase from this time last year. Minus the highly volatile gasoline sales component, the annual increase in spending looks even stronger at 5.7%. As always, an increase in consumption is a good sign for a growing economy. It means consumers are willing to spend more money, have more money to spend, or both. (VIEW LINK)


Jay Soloff
Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...

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