US retail and restaurant sales rise 7% year over year, Ankura reports
SPY•Ankura’s October 2026 tracker found U.S. retail and restaurant sales rose 7% year over year. Inflation reached 3.7%, above 3% wage growth, while September hiring slowed to 29,000 jobs and savings fell to a two-year low.
1. Sales and household pressures
Ankura’s October 2026 tracker found U.S. retail and restaurant sales rose 7% year over year, while manufacturing continued expanding. Inflation climbed to 3.7%, outpacing wage growth of 3%; hiring slowed to 29,000 jobs in September, savings fell to a two-year low, and mortgage rates climbed above 7%.
