US EditionPublished • loading... • Updated
U.S. Retail Sales Rise 0.2 Percent in September Before Holiday Season
September retail sales rose 0.2% driven by a 2% increase in gasoline spending; excluding gas, sales were flat amid high prices and tariff impacts, Commerce Department said.
- 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.
Insights by Ground AI
64 Articles
64 Articles
·Washington, United States
Read Full Article
US retail sales rose slightly in September, adding to months of big gains - Boston News, Weather, Sports
WASHINGTON (AP) — Sales at U.S. retailers and restaurants increased modestly in September as resilient consumers moderated their spending after splurging over the summer. Sales rose 0.2% in September from the previous month, the Commerce Department said Tuesday, in a report delayed more than a month because of the government shutdown. Sales jumped 0.6% in July and August and 1% in June. Numerous reports on inflation, employment, spending, and gr…
·Boston, United States
Read Full ArticleCoverage Details
Total News Sources64
Leaning Left17Leaning Right9Center27Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
L 32%
C 51%
R 17%
Factuality
To view factuality data please Upgrade to Premium
