Data released just moments ago from the US Census Bureau showed a rise in US retail sales in August, exceeding market expectations. Sales rose to $732 billion, up 0.6% from a revised 0.6% in July (expected 0.2%), and were up 5% year-over-year compared to August 2024.
Core sales, excluding autos, rose 0.7% in June, compared to a revised 0.4% in July. Non-store sales rose 10.1%, while food and beverage sales rose 6.5%.