✉news BusinessRetail first seen 4 d ago, last 4 d ago, peak #16
US retail sales beat expectations in September
Original: Retail sales up a better-than-expected 0.8% in September from August, underscoring shoppers' resilience
US retail sales rose 0.8% in September from August, beating forecasts and pointing to continued strength in consumer spending. The figures suggest shoppers remain resilient despite elevated prices and interest rates, a positive signal for the economy that analysts will weigh against other signs of slowing growth.
Why now: The stronger-than-expected retail sales figures challenge expectations of a consumer slowdown.
US retail sectorUS consumersCommerce Department
Evidence
- Retail sales up a better-than-expected 0.8% in September from August, underscoring shoppers' resilience · NewsChannel20
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