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U.S. retail sales rose 0.6% in August, vs 1.0% increase expected

  • From cnbc.com

    U.S. consumer spending appeared to slow in August as extended unemployment benefits were cut for millions of Americans, offering more evidence that the economic recovery from the Covid-19 recession was faltering. Core retail sales, which correspond most closely with the consumer spending component of gross domestic product, fell 0.1% last month after a downwardly revised 0.9% increase in July, the Commerce Department said on Wednesday. This category, which excludes automobiles, gasoline, building materials and food services, was previously reported to have advanced 1.4% in July. Economists polled by Reuters had

Added at 8:50am

  • From businessinsider.com.au

    Consumers spent less than expected at retailers in August as the economy continued its rebound from coronavirus lockdowns. US retail sales increased 0.6% last month, falling short of the consesnsus economist estimate of 1%. The reading marks an slowdown from July’s 1.2% climb. Excluding car purchases, sales rose 0.7%, also lagging forecasts calling for a 1% expansion. In all, last month’s jump was the fourth straight increase after the gauge tanked in April. Retail sales data are among the few economic indicators showing a V-shaped through the pandemic. The metric was somewhat boosted by economic relief payments … (full story)

  • From statcan.gc.ca|2 hr 46 min ago

    The Consumer Price Index (CPI) rose 0.1% on a year-over-year basis in August, matching the 0.1% increase in July. Excluding gasoline, the CPI rose 0.6% in August, following a 0.7% …

  • From statcan.gc.ca|2 hr 47 min ago

    Non-resident investors reduced their holdings of Canadian securities by $8.5 billion in July. They reduced their exposure to Canadian bonds, but acquired money market instruments …

  • From @PriapusIQ|2 hr 59 min ago|1 comment

    tweet at 8:13am: ECB’S SCHNABEL TELLS AFP: WE CONTINUE MONITORING INCOMING INFORMATION CAREFULLY, INCLUDING DEVELOPMENTS IN THE EXCHANGE RATE tweet at 8:14am: ECB’S SCHNABEL SAYS WE STAND READY TO ACT IF THE INCOMING DATA IS NOT CONSISTENT WITH THE OBJECTIVE OF OUR EMERGENCY MEASURES

  • From cnbc.com|2 hr 21 min ago|4 comments

    The Federal Reserve is unlikely to take any new policy actions at its final meeting before the presidential election, but it is expected to indicate it will keep its dovish policy …

  • From bankunderground.co.uk|1 hr 42 min ago

    Average first-time buyer (FTB) house prices have risen by 60% over the past 15 years and homeownership has fallen. How did those who bought their first home finance it and how has …

  • From www2.census.gov|1 hr 17 min ago

    The U.S. Census Bureau announced the following new manufacturing and trade statistics for July 2020: The combined value of distributive trade sales and manufacturers’ shipments …

  • Posted:
    Sep 16, 8:33am (2 hr 47 min ago)

  • Category:
    High Impact Breaking News

    Comments: 3  /  Views: 4,930

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