Published • loading... • Updated
Retail sales up 0.6% in August from July even as tariffs hurt jobs and lead to price hikes
Retail sales excluding volatile auto sector grew 0.7% in August despite tariffs; online retail sales increased 2%, reflecting cautious but steady consumer spending.
- Retail sales in the US rose 0.6% in August from July, better than expected despite President Trump's tariffs starting to impact jobs and hike prices.
- Excluding volatile auto sales impacted by tariffs, retail sales rose 0.7% in August.
- The solid spending across various stores such as electronics, online retailers, and restaurants was likely boosted by back-to-school purchases and Americans' efforts to buy ahead of expected price increases due to tariffs.
Insights by Ground AI
51 Articles
51 Articles

+30 Reposted by 30 other sources
Retail sales up 0.6% in August from July even as tariffs hurt jobs and lead to price hikes
Shoppers increased their spending at a better-than-expected pace in August from July, helped by back-to-school purchases, even as President Donald Trump’s tariffs are starting to hurt the job market and lead to price hikes.
·United States
Read Full ArticleCoverage Details
Total News Sources51
Leaning Left9Leaning Right3Center24Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 25%
C 67%
Factuality
To view factuality data please Upgrade to Premium