Retail sales rebounded more than expected last month, according to new data from the U.S. Census Bureau.
Concretely, they stood at $773.9 billion, a 1.2% increase after a revised 0.5% drop in July. Economists polled by Reuters had expected for sales to climb 0.8% last month and the July drop to clock in at 0.6%. Motor vehicles and school supplies led the increase.
