You are here
Prices & Quotes
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 --