✉news BusinessRetail first seen 2 d ago, last 1 d ago, peak #5
US retail sales beat expectations in September
Original: Retail sales up a better-than-expected 0.8% in September as shoppers remain resilient
US retail sales rose 0.8% in September, a stronger gain than economists had forecast, pointing to continued resilience among American shoppers despite elevated prices and higher borrowing costs. The better-than-expected figures suggest consumer spending, a key driver of the economy, remains solid heading into the final quarter of the year.
Why now: Fresh government data showing stronger-than-expected consumer spending has direct implications for the economic outlook and interest rate expectations.
Evidence
- Retail sales up a better-than-expected 0.8% in September as shoppers remain resilient · ABC News - Breaking News, Latest News and Videos
- Retail sales up a better-than-expected 0.8% in September as shoppers remain resilient · AP News
- Retail sales up a better-than-expected 0.8% in September as shoppers remain resilient · KTLA
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