15-09-2016 14:30 via feedproxy.google.com

Retail sales shrink more than forecast

US retail sales fell 0.3% in August, according to the Commerce Department.
Economists had forecast that sales fell 0.1% month-on-month, according to Bloomberg.
Consumer spending was a key driver of economic growth in the second quarter, and the data suggest that this may have briefly faltered in the third. 
The declines were broad based, with retail stores at fixed locations, home improvement retailers, and carmakers recording some of the biggest month-over-month drops. 
Excluding
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