US EditionU.S. Retail Sales Rise 0.2 Percent in September Before Holiday Season
Retail sales rose 0.2% in September, driven by gas stations and restaurants while spending on electronics and clothing declined amid rising prices and job market concerns.
- On Tuesday, the Commerce Department said retail sales rose 0.2% in September in a report delayed more than a month because of the government shutdown.
- Fueled by a 2% jump at gasoline stations, the September rise reflected higher pump prices and tariffs driving goods prices up.
- Retail subcategories revealed retailers category , furniture stores , and restaurants and bars rose, while hobby shops , e-commerce , and electronic stores declined Tuesday.
- The report arrives before the winter holiday season when retailers can earn as much as a fifth of their revenues, despite weak hiring and rising unemployment at 44.
- Higher-Income consumers are driving much of the gains while lower-income shoppers focus on necessities, and the National Retail Federation expects holiday sales to top $1 trillion despite delayed reports until late December.
122 Articles
122 Articles
US retail sales growth cools; consumer sentiment sags amid job market worries
U.S. retail sales increased less than expected in September, suggesting consumer fatigue amid higher prices because of tariffs, though the moderation did not dampen economists’ expectations for solid economic growth in the third quarter.
US retail sales growth cools; consumer sentiment sags amid job market worries
WASHINGTON — U.S. retail sales increased less than expected in September, suggesting consumer fatigue amid higher prices because of tariffs, though the moderation did not dampen economists’ expectations for solid economic growth in the third quarter.
US retail sales growth cools; consumer sentiment sags amid job market worries
American shoppers bought less in September. Higher prices due to tariffs are making consumers cautious. This slowdown follows a period of strong sales. Economists note a weaker job market is also impacting spending. Consumer confidence has dropped to a seven-month low. People are planning fewer big purchases and vacations.
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