The latest data from the US Department of Commerce shows that retail sales in August increased by 0.6% month - on - month, maintaining a growth momentum for five consecutive months, exceeding the market expectation of 0.1%. This growth rate is also higher than the 0.5% in July.

In August, retail sales excluding cars and gasoline increased by 0.2%, which also exceeded the markets prediction of a 0.1% decline. Among the 13 retail sales categories, 9 showed a month - on - month increase. Especially due to the rise in gasoline prices, the sales of gas stations increased by 5.7% month - on - month, leading the growth. In addition, sales of electronics, home appliances, catering, clothing, and auto parts all achieved growth.

But not all categories thrived. Furniture and home furnishing product sales fell by 1.0% month - on - month. And sales of sports and music products also fell by 1.6%.

The Producer Price Index (PPI) data is also worth noting. The core PPI (excluding food and energy) rose by 0.2%, in line with economists expectations. But the overall PPI growth reached 0.7%, exceeding market expectations.

The CPI data in August increased by 0.6% month - on - month and 3.7% year - on - year. And the core CPI (excluding food and energy) data was slightly higher than expected, increasing by 0.3% month - on - month and 4.3% year - on - year.

As Thanksgiving approaches, the United States is about to enter the holiday shopping season. Doug McMillon, the CEO of Walmart, is optimistic about this, believing that consumers will perform better than expected and predicting that the shopping season will be quite good.

Despite the optimistic data in August, the economic challenges faced by the United States still exist. Especially considering factors such as high interest rates and tightened credit, consumers may not continue to increase their spending for the rest of this year. Some economists even worry that the slowdown in consumer spending growth may push the US economy into a mild recession.