US retail sales in August may grow against the trend, with consumer resilience becoming a key economic support.
The overall performance of the US economy was weak in August, with slowing hiring, rising unemployment, and increasing inflation, signaling pressure from multiple indicators. However, consumer spending may emerge as a bright spot against the trend. According to FactSet's consensus forecast, US retail sales in August are expected to increase by 0.2% month-on-month; excluding auto and gasoline, core retail sales are expected to increase by 0.4% month-on-month, indicating that declining auto sales may drag down overall data performance.
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