US August retail sales +0.6% versus +0.2% expected

<ul><li><a href="https://www.forexlive.com/news/us-july-retail-sales-07-versus-04-expected-20230815/" target="_blank" rel="follow">Prior </a>was +0.7% (revised to +0.5%)</li></ul><p>Details:</p><ul><li>Retail sales m/m +0.6% versus +0.2% expected</li><li>Ex-autos +0.6% versus +0.4% expected. </li><li>Prior ex autos +1.0%</li><li>Control group +0.1% versus -0.1% expected</li><li>Prior control group +1.0% (revised to +0.7%)</li><li>Retail sales ex gas and autos +0.2%. Prior month +1.0% (revised to +0.7%)</li><li>retail sales total $697.6 billion vs $696.4 billion prior</li></ul><p>The negative revisions take a bit of a shine of the headline but this is still a beat. Clothing and electronics were strong in the month, up 0.9% and 0.7%, respectively. Those are economically-sensitive categories and point to a resilient consumer. </p>

This article was written by Adam Button at www.forexlive.com.