Growth Concerns Eased After August Retail Sales Numbers Beat Expectations, Reuters

Lucia Mutikani

WASHINGTON (Reuters) – “U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth.

The report from the Commerce Department on Friday could further allay financial market concerns of a recession, which have been fueled by a year-long trade war between the United States and China as well as slowing global growth.
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