NEW YORK (AP) — Consumers may be griping about higher prices at the pump and elsewhere, but they keep spending, helping to power the economy, according to the latest government snapshot.
Retail sales rebounded at a better-than-expected 1.2% increase last month after recording a revised 0.5% dip in July, according to Commerce Department data released Wednesday. Economists were anticipating a 0.7% gain for the month, according to FactSet.
The decline in July was notable because there had been few signs of fatigue from U.S. consumers. Americans spent heavily during the World Cup and Amazon Prime Day sales this summer. That followed solid retail sales in April and May as
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