US retail sales rise despite Trump tariffs: August growth beats estimates; consumer spending cushions economy
US retail spending surpassed expectations in August, increasing by 0.6 percent, despite ongoing trade tensions and tariffs. Motor vehicle sales and restaurant revenues saw gains, while furniture and department stores experienced declines, indicating a potential shift in discretionary spending. Economists are concerned about the long-term impact of tariffs on inflation and consumer prices.🕒 1 min read
US retail spending surpassed expectations in August, increasing by 0.6 percent, despite ongoing trade tensions and tariffs. Motor vehicle sales and restaurant revenues saw gains, while furniture and department stores experienced declines, indicating a potential shift in discretionary spending. Economists are concerned about the long-term impact of tariffs on inflation and consumer prices.
Continue Reading
-
Union Budget 2026: Mobile companies seek ‘protection’ from restrictions imposed by China; why it’s important
- Craving Aloo Bhujia But Worried About The Calories? Try This No-Oil Version Today
- NASA Mission To Send Humans Back To Moon Scheduled In March
-
USA’s T20 World Cup 2026 Squad: Indian-Origin Star Monank Patel Named Captain
- Nissan cuts 20000 jobs, shuts 7 plants after $4.5 billion loss
- Video: Raging Flames, Panicked Students – Aftermath Of Dhaka Jet Crash
- Police Officer Praised By PM Modi Gets Top Post In Big Kerala Overhaul
-
PM Modi’s “Sign Of Resurgence” Message For People Of Nepal From Manipur
- Top stocks to buy or sell today: Stock recommendations for January 22, 2026 – check list
- Haris Rauf faces taunts, fires back at fans as ‘Kohli-Kohli’ reverberates in Dubai