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Retail Sales Rise Solid 0.7% in September, Reflecting US Shoppers' Resilience - Vimarsana News

Retail Sales Rise Solid 0.7% in September, Reflecting US Shoppers' Resilience

The increase was more than twice what economists expected.

Retail sales rise in September despite higher prices - Vimarsana News

Retail sales rise in September despite higher prices

A closely watched category of retail sales that excludes auto dealers, gas stations and building materials and feeds into the gross domestic product jumped 0.6% last month compared to the prior month.

Retail sales rise solid 0.7% as shoppers keep spending despite higher prices - Vimarsana News

Retail sales rise solid 0.7% as shoppers keep spending despite higher prices

Americans showed their steadfast resilience and kept spending online, at restaurants, and at other outlets in September.

Retail sales rise solid 0.7% in September, reflecting US shoppers' resilience despite higher prices - Vimarsana News

Retail sales rise solid 0.7% in September, reflecting US shoppers' resilience despite higher prices

Americans showed their steadfast resilience and kept spending online, at restaurants and other outlets in September even as they grappled with higher prices, interest rates and a host of other headwinds piling up.

Source: wtop.com
Retail sales rise solid 0.7% in September, reflecting U.S. shoppers' resilience despite higher prices - Vimarsana News

Retail sales rise solid 0.7% in September, reflecting U.S. shoppers' resilience despite higher prices

Strong sales suggest the economy may not slow as much in the final three months of the year as previously expected

Source: advisor.ca