✉news BusinessRetail first seen 4 d ago, last 9 h ago, peak #1
US retail sales rose 0.8% in September, driven by gasoline
Original: Retail sales up 0.8% in September, but a big chunk of spending went to paying gasoline bills
US retail sales increased 0.8% in September, but a large share of the gain came from consumers paying higher gasoline bills rather than broad spending growth. News outlets are reporting the Commerce Department figures, noting that excluding the fuel-driven lift, underlying consumer demand appears softer, feeding debate about the strength of household spending heading into the final quarter.
Why now: Newly released September retail sales data are being widely reported, with the gasoline-driven nature of the gain raising questions about real consumer strength.
United StatesCommerce Departmentretail sector
Evidence
- Retail sales up 0.8% in September, but a big chunk of spending went to paying gasoline bills · New Castle News
- Retail sales up 0.8% in September, but a big chunk of spending went to paying gasoline bills · WXXV News 25
- Retail sales up 0.8% in September, but a big chunk of spending went to paying gasoline bills · AP News
- Retail sales up 0.8% in September, but a big chunk of spending went to paying gasoline bills · Charleston Gazette-Mail
- Retail sales up 0.8% in September, but a big chunk of spending went to paying gasoline bills · Boston Herald
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