US Retail Sales Climb 0.1% in August: Online Retailers Shine
Wednesday, 18 September 2024, 00:00
US Retail Sales Growth Overview
US retail sales climbed 0.1% in August, reflecting a shift in consumer behavior amidst economic uncertainties.
Online Retail Trends
- Online retailers saw a remarkable 1.4% increase in sales.
- Health and personal care outlets experienced a 0.7% rise.
Dining Industry Challenges
Contrarily, restaurant and bar sales remained flat, indicating a potential consumer reluctance to spend on dining out.
Implications for Future Sales
This trend suggests consumers are favoring online shopping and health-related purchases while being cautious about dining expenses.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.