Sales at U.S. retailers dropped more than forecast in August, indicating a pause in recent consumer-spending strength that has carried the economy.
Purchases declined 0.3 percent from July, the first
drop in five months, after a revised 0.1 percent advance in the previous
month, Commerce Department figures showed Thursday in Washington. The
median projection of economists surveyed by Bloomberg called for a 0.1
percent decline. Excluding cars, sales unexpectedly fell 0.1 percent.. . . more