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September 17, 2024

US retail sales rise 0.1% in August, beating estimates

ISTANBUL: US retail sales increased 0.1% to reach $710.8 billion in August, beating market estimates, according to advance figures released on Tuesday by the US Commerce Department.

The estimate was for the figure to show a decline of 0.2%.

The July…

US homebuilding sentiment rises with falling mortgage rates

ISTANBUL: Homebuilding sentiment in the US rose in September with falling mortgage rates, according to a report released Tuesday.

The National Association of Home Builders/Wells Fargo Housing Market Index came in at 41 in September, up two points fro…