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US retail sales leap past forecasts in September

By Alexander Bueso

Date: Friday 15 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Americans unexpectedly resumed splashing out on goods and services last month.
According to the Department of Commerce, in seasonally adjusted terms, US retail sales volumes jumped at a month-on-month pace of 0.7% to reach $625.45bn.

That was far better than the 0.3% fall that the consensus was anticipating.

Furthermore, August's 0.7% rise was marked up to 0.9%.

-- More to follow --