Retail Sales Weaker Than Expected, July Revised Up, Large Y-o-Y Amazon Impact
Retail sales only rose 0.1% in Aug, but July was revised from +0.5% to +0.7%. Amazon impact stands out year-over-year.
Hard hitting global and local news
Retail sales only rose 0.1% in Aug, but July was revised from +0.5% to +0.7%. Amazon impact stands out year-over-year.
Import prices fell 0.6%. Economists expected a 0.1% decline. Export prices fell 0.1%. Economists expected a 0.2% rise.
Hurricane Florence hit land at 7:15 a.m. EDT with maximum sustained winds around 90 mph. Catastrophic floods expected.
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