Department reported on Friday the sales at U.S. retailers rose 1.9 percent
m-o-m in September, following an unrevised 0.6 percent m-o-m increase in August. This was
the biggest monthly rise since June.
Economists had expected total sales would advance 0.7 percent m-o-m in September.
According to the report, the largest gains in retail sales were recorded in clothing and accessories (+11 percent m-o-m) and autos (+4 percent m-o-m), while electronics and appliances was the only major sector that declined (-1.6 percent m-o-m).
Excluding auto, retail sales grew 1.5 percent m-o-m in September after a revised 0.5 percent m-o-m advance in the previous month (originally a 0.7percent m-o-m increase), much better than economists’ forecast of a 0.5 percent m-o-m rise.
Meanwhile, closely watched core retail sales, which exclude automobiles, gasoline, building materials and food services, and are used in GDP calculations, increased 1.4 percent m-o-m in September after a downwardly revised 0.3 percent m-o-m drop in August (originally a 0.1 percent m-o-m decrease). Economists had forecast core retail sales growing 0.2 percent m-o-m in September.
In y-o-y terms, the U.S. retail sales surged 5.4 percent in September after a revised 2.8 climb in the previous month (originally a 2.6 percent jump). This was the biggest increase since December 2019.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
© 2011-2020 TeleTrade-DJ International Consulting Ltd
TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.
The company operates in accordance with Markets in Financial Instruments Directive (MiFID).
The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.
TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.
TeleTrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.