Consumers keep powering the economy forward despite cracks.
Share on linkedin Shoppers in September. Photo: Li Jianguo/Xinhua via Getty Imagescontinued into the start of the fall, as retail sales surged ahead in September, according to new government data.Retail sales rose 0.7% last month, far above the 0.2% that analysts had expected.
Sales at restaurants and bars were up 0.9%, internet sales up 1.1%, and sales at "miscellaneous store retailers" — which includes office supplies, florists, gift shops, and more — were up 3%., so the strong gains indicate Americans were buying more last month, not just paying more.Consumer spending represents about two-thirds of all U.S.
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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.
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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.
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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.
Weiterlesen »
Retail sales up 0.7% in September as American consumers defy rising prices, interestAmericans kept spending in September at a solid pace even as they grappled with higher prices and interest rates
Weiterlesen »
US retail sales beat expectations in September; core retail sales rise solidlyU.S. retail sales increased more than expected in September as households boosted purchases of motor vehicles and spent more at restaurants and bars, suggesting the economy ended the third quarter on a strong note.
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30-year Treasury yield on edge of 5% after strong September U.S. retail salesVivien Lou Chen is a Markets Reporter for MarketWatch. You can follow her on Twitter vivienlouchen.
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