The growth rate of retail sales in the US in August were the weakest in six months


The growth of retail sales in the US by 0.1% in August was the weakest in six months due to a decrease in demand for cars and clothing, the data of the country's Ministry of Trade showed. A month earlier, their growth was registered at 0.7%. Analysts had expected that in August the growth would be 0.4%. Retail sales, not taking into account cars, gasoline and building materials, increased by 0.1% after rising by 0.8% in July. Experts had predicted an increase of 0.4%. If you do not consider only cars, then the sales increased by 0.3%, while economists had expected a rise of 0.5%. In August, the strongest drop in retail clothing sales was registered by 1.7% since February 2017. This is due to the maximum decrease in the price of clothing since 1949. In the past month, 9 of the 13 main categories of retail goods recorded an increase in sales.

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