US Retail Sales Showcase Resilience of Economy’s Growth Engine
- Value of purchases increased 0.4% in September after 0.1% gain
- Figures cap another likely quarter of solid economic growth
This article is for subscribers only.
US retail sales strengthened in September by more than forecast in a broad advance, illustrating resilient consumer spending that continues to power the economy.
The value of retail purchases, unadjusted for inflation, increased 0.4% after a 0.1% gain in August, Commerce Department data showed Thursday. Excluding autos and gasoline stations, sales climbed 0.7%.