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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.
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51 Articles

KAKE NewsKAKE News
+5 Reposted by 5 other sources
Center

US retail sales beat expectations in August despite tariffs

Retail sales in the United States were hotter than expected in August, government data showed Tuesday, although analysts warned consumers may run out of steam as President Donald Trump's tariffs bite.

Associated Press NewsAssociated Press News
+30 Reposted by 30 other sources
Lean Left

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
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  • 67% of the sources are Center
67% Center

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FXStreet broke the news in on Monday, September 15, 2025.
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