America’s economic engine is still revving, despite fears of a slowdown

Inflatie

Washington CNN  —  A key driver of the US economy remains solid. Spending at US retailers rose 0.1% in August from the prior month, the Commerce Department reported Tuesday. That’s a much slower pace than July’s upwardly revised 1.1% gain, but well above the 0.2% decline economists projected in a FactSet poll. The figures are adjusted for seasonal swings but not inflation. It’s an encouraging sign for America’s economy, since consumer spending represents two-thirds of US economic output. Retail

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