US retail trade grew less than expected in August

The retail sales in the United States grew at the lowest rate of the past six months ago in August, less than the analysts expected.

According to the US Department of Commerce, the seasonally and calendar day adjusted retail sales amounted to 509 billion USD in August, which is an increase of 0.1 percent, compared to the previous month.

Analysts expected a 0.4 percent increase after the 0.7 percent growth of July. (MTI)