U.S. retail sales rise sharply in August, according to reports citing new government data. Sales increase by 1.2% last month, following a previously reported contraction in July.
In the same data series, July retail sales are revised to show a 0.5% decline. The August rebound points to a change in consumer spending momentum after the earlier drop. Both outlets frame the movement as a rebound driven by a stronger month of retail purchases, though they do not provide additional breakdowns of which categories drove the gains.
