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9/16, 2:30 PM (Source: TeleTrader)
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US retail sales rise 0.7% in August

Retail and food services sales in the United States for August climbed 0.7% month-on-month, landing at $618.7 billion, the Census Bureau reported on Thursday. The July figure was revised to $614.3 billion.

Compared to the same month the prior year, sales were 15.1% higher. Retail trade sales grew 0.8% compared to July and 13.1% per annum. Clothing and clothing accessories stores surged 38.8% from last year, while gasoline stations grew 35.7% in the same period. Food sales were up 6% on a yearly basis.

Breaking the News / MD