15.09.2016 14:40:40

U.S. Retail Sales Dip 0.3% In August

(RTTNews) - Retail sales in the U.S. saw a modest decrease in the month of August, the Commerce Department revealed in a report released on Thursday.

The Commerce Department said retail sales dipped by 0.3 percent in August following a revised 0.1 percent uptick in July. Retail sales had been expected to remain unchanged.

Excluding a drop in auto sales, the report said retail sales edged down by 0.1 percent in August after falling by 0.4 percent in July. Economists had expected ex-auto sales to rise by 0.3 percent.