Further good news from the US economy Friday evening with retail sales jumping 0.6% in August

David Scutt

Scutt Partners

Further good news from the US economy Friday evening with retail sales jumping 0.6% in August. The reading, in line with expectations, was higher than the upwardly-revised 0.3% increase of July and left the annual rate of change at a 12-month high of +5.0%. While not as strong as the headline figure, core sales, that which removes volatile items such as food, gasoline, autos and building materials, rose 0.4% leaving the year-on-year change at +4.1%. Breaking the release down even further, excluding gasoline sales only, sales jumped 0.7% with the annual rate surging to +5.7%. (VIEW LINK)

David Scutt
David Scutt
Independent Market Strategist
Scutt Partners

David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...


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