Surprise uptick in spending by Americans as delta spread
Retail sales rose a seasonal adjusted 0.7% in August from the month before, the U.S. Commerce Department said Thursday.
It was much better that the 0.85% decline Wall Street analysts had expected.
But Thursday’s report does show a shift in how the delta variant has changed where Americans spend their time and money.
Online sales soared 5.5% last month, while sales at restaurants and bars were flat from the month before.