Retail sales growth sluggish in August as consumers fight to keep up with inflation
Retail sales rose 0.3% in August, better than expected but boosted largely by a big jump in motor vehicles and parts dealer receipts.
Weekly jobless claims declined to 213,000, also better than estimates.
Manufacturing readings from the New York and Philadelphia regions suggested the sector is in contraction.
TOPICS AND TIMESTAMPS:
Global Recession 0:00
Delinquencies on Fringe 3:20
Weather Inflation 9:06
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