Economic Indicators
US retail sales rise by faster than anticipated pace in September
2024.10.17 09:05
Investing.com — US grew at a hotter-than-anticipated pace in September, in a sign of strength in the American consumer that could factor into how the Federal Reserve approaches interest rate decisions at its final two meetings this year.
On a monthly basis, retail sales in the world’s largest economy rose by 0.4%, accelerating from an unrevised uptick of 0.1% in August. Economists had seen the reading at 0.3%.
In August, the figure, which includes mostly goods and is not adjusted for inflation, unexpectedly rose, while the July number was also revised higher.
(This is a developing story. Please check back later for updates.)
