US September Retail Sales Up 0.7% Month-on-Month, Exceeding Expectations
[Asia Economy Reporter Yuri Kim] U.S. retail sales in September increased by 0.7% compared to the previous month.
The U.S. Department of Commerce announced on the 15th (local time) that U.S. retail sales in September rose by 0.7% compared to the previous month. This figure exceeded Wall Street's prior expectations. Wall Street had forecasted a 0.2% decline in September retail sales due to global supply chain issues.
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Core retail sales, excluding automobiles, gasoline, and food, increased by 0.8% last month. Compared to the same period last year, September retail sales surged by 13.9%, and core retail sales rose by 15.6%, respectively.
This content was produced with the assistance of AI translation services.
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