US retail sales dipped 0.2 pct. in August as auto sales fell

ABC 15 (MYRTLE BEACH/FLORENCE), 15 SEPTEMBER 2017, FEAT. PROF. BRYANT WALKER SMITH:

Consumers cut back on their shopping in August by the largest amount in six months as declining auto sales offset gains in other areas.

Retail sales fell 0.2 percent last month after a 0.3 percent gain in July, the Commerce Department said Friday. It was the biggest one-month drop since an identical decline in February. Auto sales sank 1.6 percent, the most in seven months.

Excluding autos and gas, which tend to be volatile from month to month, sales dipped 0.1 percent in August after having risen 0.5 percent in July.

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