Saturday 14 September 2013

US retail sales growth slows, consumer sentiment falls

Data on Friday indicate that US consumer demand has dipped recently.

Retail sales in the US rose 0.2 percent in August, the smallest increase in four months.

The preliminary Thomson Reuters/University of Michigan’s index of consumer sentiment for September fell to 76.8 from 82.1 in August.

Investor sentiment has picked up, though. The S&P 500 rose 0.3 percent on Friday to finish the week with a 2.0 percent increase, its best weekly gain in two months.

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