United States retail sales beat expectations in August

Consumer spending enthusiasm in the US continues to surprise amid ongoing trade concerns and the softening labour market, writes KPMG Senior Economist Benjamin Shoesmith.

August retail sales in the United States (US) rose 0.6 percent, topping the consensus expectation of 0.2 percent. July retail sales were revised upward to show a gain of 0.6 percent from the originally reported 0.5 percent. Excluding autos, retail sales still rose 0.7 percent, which beat the consensus. Annual retail sales growth reached 5.0 percent, the fastest pace since December 2023. Sales at motor vehicles and parts dealers rose 0.5 percent after jumping 1.7 percent in July, which is c...

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Authors: Benjamin Shoesmith

Published Date: 22 September 2025

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