WKYT | Lexington, Kentucky | News

August retail sales up 0.4 pct., best in 5 months

WASHINGTON (AP) - Retail sales rose in August by the largest
amount in five months, suggesting a late spring economic swoon was
temporary and not the start of another recession.

The Commerce Department says retail sales rose 0.4 percent last
month, the best advance since March. Excluding a big decline in
autos, retail sales increased 0.6 percent. That's double the amount
economists had expected.

The strength came in a number of areas from department stores to
clothing stores and sporting goods outlets. The advance was the
latest indication that the economy is regaining its footing after a
dismal spring.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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