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Retail sales rose 0.1% in August versus -0.2% estimate, boosted by online stores
- U.S retail sales rose 0.1% in August, better than -0.2% forecast and lower than 1.1% in July (revised up from 1%).
- On a yearly basis, retail sales rose 2.13%, above 2.86% in July (revised down from 2.90%).
- Excluding autos, retail sales increased 0.2%, lower than 0.3% estimate.
- Control group sales rose 0.3%, in line with the estimates.
- The numbers are not adjusted for inflation which was up 0.3% on the month.
- Nasdaq 100 futures rose 0.7%, S&P 500 gained 0.4% while Dow futures were up 0.3% following the report.
