US Retail Sales Top Estimates on Higher Gasoline Prices
- Value of sales rose 0.6% in August, prior months revised down
- Spending in other categories largely slowed from July
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US retail sales showed signs of slowing in August as consumers limited their discretionary spending amid higher gasoline prices.
The value of total retail purchases increased 0.6% from July following downward revisions to the prior two months, Commerce Department data showed Thursday. Excluding gasoline, sales climbed 0.2%, among the weakest this year.