U.S. retail sales up 0.7% in September as American consumers defy rising prices, interest rates

Americans kept spending in September at a solid pace even as they grappled with higher prices and interest rates.

Retail sales rose 0.7 per cent in September, more than twice what economists had expected, and close to a a revised 0.8 per cent 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.. Yet spending has been volatile after surging nearly 3 per cent in January. Sales tumbled in February and March before recovering in the spring and summer.

Spending at restaurants were up 0.9 per cent, while spending online rose 1.1 per cent last month, according to the report. Sales at general merchandise stores rose 0.4 per cent.

Loans Loans Latest News, Loans Loans 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 ratesNEW YORK (AP) — 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...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Retail sales up a solid 0.7% in September as American consumers defy rising prices, interest ratesNEW YORK (AP) — 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.
Source: SooToday - 🏆 8. / 85 Read more »