U.S. retail sales rose 0.8% in September
SPY•U.S. retail sales rose 0.8% in September to $745.02 billion, compared with economists’ forecast of 0.3%. Sales excluding autos increased 0.9%, versus a 0.5% forecast.
1. Sales beat forecasts
Seasonally adjusted U.S. retail sales increased 0.8% in September from August, reaching $745.02 billion. Sales excluding autos rose 0.9%, while sales excluding autos, gasoline, building materials and food services increased 0.1%; forecasts were 0.5% and 0.3%, respectively.
