US economic indicators for August were flat, although slightly better than expected
September 17, 2024
US retail sales in August showed a monthly increase of 0.1%, while the analyst consensus forecast a decline of -0.2%. July’s growth was revised to 1.1% from the original 1%. The control group excluding volatile items, which better reflects broader consumer spending, rose 0.3%, in line with expectations. The July figure in this case was also revised upwards to 0.4% from a preliminary 0.3%. Industrial production also fared better, rising 0.8% in August, well above the 0.2% increase expected.