“The economy, employment, wages, and retail sales continue to stagger along. Retailers and consumers are resilient but not overly optimistic about the broader economy,” NRF President Matthew Shay said in a 4-traders article, but “positive retail sales growth continues month-after-month.”
For instance, August Nonstore retailers’ sales figures, or e-commerce internet shopping, rose 0.5% month-over-month and jumped 8.8% year-over-year.
SPDR S&P Retail ETF
For more information on consumer spending, visit our retail category.
Max Chen contributed to this article.
