U.S. Retail Sales Climb 0.4% In September, Slightly More Than Expected
2024年10月17日 - 6:39PM
RTTF2
A report released by the Commerce Department on Thursday showed
retail sales in the U.S. increased by slightly more than expected
in the month of September.
The Commerce Department said retail sales rose by 0.4 percent in
September after inching up by 0.1 percent in August. Economists had
expected retail sales to rise by 0.3 percent.
"Strong retail spending last month suggests the recovery
maintained strength through the end of the third quarter," said FHN
Financial Economic Analyst Mark Streiber.
He added, "Whatever hurricane- or strike- related disruptions
there may be in upcoming data releases, today's report showed no
sign that consumer spending has slowed down."
The slightly stronger than expected retail sales growth partly
reflected a sharp increase in sales by miscellaneous store
retailers, which spiked by 4.0 percent.
Sales by clothing and accessories stores, health and personal
care stores, grocery stores and food services and drinking places
also saw notable growth.
Meanwhile, sales by electronics and appliance stores plunged by
3.3 percent, and sales by furniture and home furnishings stores and
gas stations also slumped.
The report also said sales by motor vehicle and parts dealers
came in unchanged in September after falling by 0.4 percent in
August.
Excluding auto sales, retail sales climbed by 0.5 percent in
September after rising by 0.2 percent in August. Ex-auto sales were
expected to inch up by 0.1 percent.
The Commerce Department also said core retail sales, which
exclude automobiles, gasoline, building materials and food
services, increased by 0.7 percent in September after rising by 0.3
percent in August.
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