Retail Sales Up 0.4 Percent in August
Retail sales rose in August by 0.4 percent, a one-tenth percent uptick from the previous month, but comfort for retailers worried about a possible double-dip recession.
While retail sales overall rose one-tenth percent from the previous month, which was revised downward after also briefly showing a 0.4 percent gain, the number reported by the Commerce Department is the best since March.
The gains came in spite of a marked decline in auto sales, which took a 0.7 percent drop from July. Still, the 0.6 percent rise in retail sales besides autos is double what economists had expected