September Sales Better than Expected

Consumers were shopping in September, driving retail sales up 0.4 percent from August for a better-than-expected 5.7 percent over last September, according to the National Retail Federation.Total retail sales increased 1.1 percent month-to-month and 8.6 p

April 6, 2018

Total retail sales increased 1.1 percent month-to-month and 8.6 percent over last year, partially due to strong auto sales, according to September retail sales released today by the U.S. Commerce Department.

Building materials stores rose 6.4 percent over last year, sporting goods stores rose 7.2 percent and clothing store sales went up 8.3 percent. August retail sales were revised upward to 0.4 from July, which was originally reported as 0.1 percent.

“The American consumer and the retail industry continue to lead this recovery, and strong September retail sales are just what the economy needs right now,” says Matthew Shay, NRF president and chief executive officer. “The unexpectedly strong sales increase in September may work to dampen fears of a double-dip recession and could indicate an economic and employment rebound.”

Subscribe and receive the latest news from the industry.

Join 62,000+ members. Yes, it’s completely free.

You May Also Like




This site uses cookies to provide you with the best user experience possible. By using License Global, you accept our use of cookies.