US retail sales

Published August 14, 2007

WASHINGTON, Aug 13: US consumers spent more freely than expected last month as declining gasoline prices shielded household budgets, government data showed on Monday, helping lift investor spirits after a week of bruising losses.

Sales at US retailers rose a slightly more-than-expected 0.3 per cent in July and core sales, which strip out car, building material and gasoline sales, were even stronger, the commerce department data showed.

The data did not reflect the response of consumers since concerns over credit availability hit in early August, slamming markets and forcing central banks to pump massive amounts of liquidity into the financial system to restore confidence.

—Reuters

Opinion

Editorial

Centre vs provinces
Updated 10 Jun, 2026

Centre vs provinces

The reason the centre finds itself in this position is rooted in its failure to expand the tax net and boost revenues.
Party in crisis
10 Jun, 2026

Party in crisis

THE young KP chief minister must be starting to realise just how thorny a seat he occupies. There has been a flurry...
Varsity woes
10 Jun, 2026

Varsity woes

FINANCIAL crises affecting public sector universities across Pakistan are now having an impact on academic...
Doctor attacked
09 Jun, 2026

Doctor attacked

AN act of reprehensible violence has shaken the medical community. On Saturday, an employee of the Provincial Civil...
AJK flare-up
Updated 09 Jun, 2026

AJK flare-up

The situation started deteriorating after a trader affiliated with the JAAC was reportedly shot in an altercation with law-enforcers.
Fault lines
09 Jun, 2026

Fault lines

THE April 8 ceasefire that halted hostilities between Israel and Iran has encountered its most serious test yet....