US retail sales tick up 0.1% in August

US retail sales tick up 0.1% in August

Mubasher: Provisional estimates suggested that US retailers saw a growth in their monthly sales in August, official data showed on Friday.

Retail and food services sales totalled $509 billion in August, rising 0.1% from the previous month, with an annual gain of 6.6%, the US Census Bureau reported.

The sales rise between June and July was revised upwardly to 0.7% from the initial reading of 0.5%.

Moreover, the overall US retail sales between June and August rose 6.5% year-on-year.

By 12:23 pm GMT, the US dollar index went up 0.03% to 94.5450.

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Source: Mubasher

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