US retail sales beat expectations in September; core retail sales rise solidly


WASHINGTON: U.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.

Retail sales rose 0.7% last month, the Commerce Department said on Tuesday. Data for August was revised higher to show sales advancing 0.8% instead of 0.6% as previously reported.

5.5 PAYDAY OFFER: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
US , retail sales , spending , GDP

Next In Business News

SME Corp empowers digitalisation, automation of MSMEs
Yayasan Peneraju fast-tracks SPM leavers into chartered accountancy
ANZ says Australia likely to avoid recession; flags prolonged impact of Middle East war
Japan's factory activity growth hits 4-year high on stockpiling, PMI shows
South Korean April exports rise 48.0% y/y as chip boom extends
Japan warns yen speculators it stands ready to intervene again
Gold heads for weekly loss on oil-driven inflation concerns
Pos Malaysia strengthens board with new appointments of industry veterans
Govt to continue taking necessary measures to address global economic uncertainty
Ekuinas unveils 22 artworks at ‘Alir’ exhibition, showcasing emerging Bumiputera talent

Others Also Read