NRF: Census retail sales data shows households ‘have the underpinnings to spend’
Data released today by the U.S. Census Bureau shows retail sales continued to grow in August, fueled by rising wages amid falling inflation, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “These numbers show the continued resiliency of the American consumer,” Kleinhenz said. “While sales growth decelerated from last month’s pace, there is little hint of consumer spending unraveling....
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