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US Consumer Spending Slows in August

M. Ali 16 September, 2020 6:47 pm Market Update

Consumer spending in the United States slowed last month, according to data released on Wednesday.

The value of overall sales increased 0.6%.

Retail sales, excluding automobiles, gasoline, building materials, and food services, decreased by 0.1% in August, after rising by 0.9% in July, as per the reading revised from a previous 1.4%.

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