Main content
Retail sales increase in the US
US retail sales jumped 0.7% in July 2023, suggesting the economy continued to expand early in the third quarter.
There's more evidence that US consumers are weathering the economic storm and continuing to spend. Figures show retail sales rose by 0.7% in July which is more than expected.
It's welcome news for retailers who are struggling with high prices and lower margins, and that鈥檚 going to force the Fed to keep the prospect of more rate hikes on the table.
(Picture: Shopping couple walking on street. Picture credit: Getty Images)
Last on
Tue 15 Aug 2023
22:32GMT
大象传媒 World Service except Europe and the Middle East
Broadcasts
- Tue 15 Aug 2023 21:32GMT大象传媒 World Service Europe and the Middle East & 大象传媒 Afghan Radio
- Tue 15 Aug 2023 22:32GMT大象传媒 World Service except Europe and the Middle East