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Retail sales unexpectedly rise 0.7% in August vs. expected decline of 0.8%
Sep 16, 2021 | CNBC
Picture - Retail sales unexpectedly rise 0.7% in August vs. expected decline of 0.8%

Retail sales post a surprise gain in August despite fears that escalating Covid cases and supply chain issues would hold back consumers, the Census Bureau reported Thursday.

Sales increased 0.7% for the month against the Dow Jones estimate of a decline of 0.8%.

A separate economic report showed that weekly jobless claims increased to 332,000 for the week ended Sept. 11, according to the Labor Department. The Dow Jones estimate was for 320,000.

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