WASHINGTON — Americans increased their spending at retail businesses modestly in August, indicating that economic growth remains sluggish. Consumers bought more cars, furniture and electronics last month but held back on most other purchases.
Spending at retail businesses rose just 0.2 percent last month, the Commerce Department said Friday. It was the smallest gain in four months.
But, the government said, retail spending was stronger in the previous month than first estimated, revising the July estimate to 0.4 percent from 0.2 percent.
Read tomorrow's Arkansas Democrat-Gazette for full details.