US retail sales rose 0.8% in September, up 6.3% from a year earlier
US retail sales climbed 0.8% month on month in September and 6.3% year on year, with gasoline station sales jumping 6.4%. Excluding autos, sales rose 0.9%.
- published
- in the api
- on the website
on the website stories appear 15 minutes after publication, in the api at once. connect the api →
what happened
US retail sales increased 0.8% in September from the previous month on a seasonally adjusted basis, according to the Commerce Department. August's figure was revised to a 1.3% gain. Compared with a year earlier, sales were up 6.3%, reaching $745.02 billion for the month.
Gasoline stations led the gain, with receipts rising 6.4% over the month and 28.1% over the year. Excluding autos, sales grew 0.9%, while excluding gasoline they rose only 0.2%. Electronics and appliance stores added 0.6%, and furniture stores gained 1.3%. Miscellaneous store retailers, however, fell 3.0%.
Surveyed economists had forecast a 0.3% increase, so the result came in above expectations. The department also issued annual revisions on September 28, which changed previously published data.
why it matters
The report points to resilient consumer spending, but most of the headline gain came from higher fuel prices, while core sales excluding gasoline and autos were more modest. Markets will watch this data for signals on inflation, Federal Reserve rate expectations and the dollar.
tags
instruments
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
get stories in real time ↗