US retail sales rose in September, with two different readings released
US retail sales excluding autos and gasoline rose 0.2% in September, while sales excluding autos alone climbed 0.9%.
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what happened
US retail sales excluding autos and gasoline rose 0.2% month on month in September. This report does not give an August figure, and the previous reading was revised down from a 1.1% gain.
Another report showed retail sales excluding autos alone up 0.9% month on month in September. The August reading came in at 1.4%, revised from 1.3%.
why it matters
The two releases cover different product baskets, so the figures should not be compared directly. Markets will weigh the pace of consumer spending alongside US Treasury yields and the dollar.
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prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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