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Retail sales rise a better-than-expected 1.2% in August after shoppers pulled back spending in July

NEW YORK (AP) — Consumers may be griping about higher prices at the pump and elsewhere, but they keep spending, helping to power the economy, according to the latest government snapshot. Retail sales rose a better-than-expected 1. 2% last month after recording a revised 0. 5% dip in July, according to Commerce Department data released Wednesday. Economists were anticipating a 0. 7% gain for the month, according to FactSet. The decline in July was notable because there had been few signs of U...

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