USA: retail and hospitality sales increased
Retail and hospitality sales increased in the U.S. in August, likely due to school-related shopping and the payment of a tax after child credit. Surprisingly good data may dampen expectations that economic growth will slow sharply in the third quarter.
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Increased retail and hospitality sales in the United States
The U.S. Department of Commerce said Thursday that the seasonally and calendar-adjusted value of retail sales and hospitality was 618.7 billion USD in August, up 0.7 percent from July. Analysts expected a 0.8 percent decline after a 1.8 percent decline in July. (MTI / Reuters)
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