Consumers Push Retail Sales Higher; Import Prices Subdued

Retail sales rose broadly in August, which should ease some concerns about consumer spending and support expectations for sturdy growth in the third quarter. The Commerce Department said Friday retail sales increased 0.6 percent last month as Americans bought automobiles and a range of other goods after an upwardly revised 0.3 percent gain in July. "It still paints the consumers muddling along," said Scott Brown, chief economist at Raymond James in St. Petersburg, Fla. "The general message on the economy is that it's improving but we still have a lot of slack to take up."