US September Retail Sales Increase by 0.7% Month-over-Month
The U.S. economy continued its consumption growth last month.
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According to the U.S. Department of Commerce on the 17th (local time), U.S. retail sales in September increased by 0.7% compared to the previous month, significantly exceeding the expert forecast of 0.2% compiled by The Wall Street Journal (WSJ).
U.S. retail sales rose by 0.8% (revised) in August compared to the previous month and continued to increase in September.
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Retail sales account for about one-third of total U.S. consumption and are considered an indicator of the economy's health.
This content was produced with the assistance of AI translation services.
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