Americans kept spending in September at a solid pace even as they grappled with higher prices and interest rates.
Retail sales rose 0.7% in September, more than twice what economists had expected, and close to a a revised 0.8% bump in August, the Commerce Department reported Tuesday. Retail sales in August were inflated after gasoline prices spiked, however. That was not the case in September. since begun to decline.September's uptick in retail sales, the sixth consecutive monthly gain, reflects how the U.S.
Spending at restaurants were up 0.9%, while spending online rose 1.1% last month, according to the report. Sales at general merchandise stores rose 0.4%. Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Retail sales up a solid 0.7% in September as American consumers defy rising prices, interest ratesAmericans kept spending in September at a solid pace even as they grappled with higher prices and interest rates.
Read more »
Retail sales up a solid 0.7% in September as American consumers defy rising prices, interest ratesAmericans kept spending in September at a solid pace even as they grappled with higher prices and interest rates.Retail sales rose a better-than-expected 0.7% in September, compared with a revised 0.8% in August, the Commerce Department reported Tuesday. Retail sales in August were inflated after gasoline prices spiked.
Read more »
Retail sales rose 0.7% in September, much stronger than estimateThe advanced retail sales report for September was expected to show a gain of 0.3%, according to a Dow Jones estimate.
Read more »
Retail sales rose 0.7% in September, much stronger than estimateThe advanced retail sales report for September was expected to show a gain of 0.3%, according to a Dow Jones estimate.
Read more »
US Retail Sales rose 0.7% in September vs. 0.3% anticipatedRetail Sales in the US rose 0.7% on a monthly basis in September to $704.9 billion, the data published by US Census Bureau showed on Tuesday. This rea
Read more »