US September Retail Sales Index Up 1.9% MoM... 5 Consecutive Months of Growth
[Asia Economy Reporter Suyeon Woo] US retail sales in September have continued to increase for five consecutive months compared to the previous month.
According to Bloomberg on the 16th, the US Department of Commerce announced that September retail sales increased by 1.9% compared to the previous month. This figure exceeds the Bloomberg expert consensus forecast of 0.8%.
The US retail sales index showed a decline in March and April when the novel coronavirus infection (COVID-19) was spreading, but steadily increased from May through August. Although the growth rate slowed to 0.9% in August, it slightly recovered again in September.
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Core retail sales, excluding automobiles and gasoline, increased by 1.5% compared to the previous month.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
