Retail sales lower than expected, but it was mainly due to autos
August 14, 2020 at 08:30 AM EDT
Retail sales rose 1.2% for the month, against the expected increase of 2.3% from economists surveyed by Dow Jones. The news wasn't all a letdown, however: Excluding autos, the gain was 1.9%, ahead of the 1.2% estimate.