US retail sales lift in August

By Dow Jones newswires

The Johnson Redbook Sales Index also showed seasonally adjusted sales for the period improved 4. 3 per cent from a year earlier, compared with a target for an increase of 4. 5 per cent.

National chain-store sales rose 0. 7 per cent during August from July, according to Redbook Research's latest indicator, released on Wednesday.

For September, Redbook expects chain-store sales growth of 3. 8 per cent from a year earlier.

Redbook noted that last-minute back-to-school shopping and bargain hunting boosted sales in the latest week.

Read more here: Business Spectator


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