RETAIL SALES ROSE BY 0.7% IN SEPTEMBER

Key Points:

  • Retail sales, a measure of purchases at stores, restaurants and online, rose by 0.7% in September over the month.
  • Consensus among economists was a 0.2% decline.
  • Excluding autos, retail sales rose by 0.8% over the month.
  • Higher spending in part reflects rising costs because consumer prices advanced 0.4% in September from August and 5.4% from a year earlier.
  • The Right Facts will continue to monitor retail sales.
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