Shoppers Hit Black Friday Sales With Celebratory Mood
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Sales at U.S. retailers and restaurants rose slightly in September as resilient consumers moderated their spending after splurging over the summer.
Retail sales rose 0.2% after an unrevised 0.6% gain in August, the Commerce Department's Census Bureau said. Economists polled by Reuters had forecast retail sales, which are mostly goods and anot adjusted for inflation, would rise 0.4%.
The Census Bureau's Advance Retail Sales Report for September showed consumer spending was lower than expected, with headline sales rising 0.2% versus the expected 0.4% monthly growth.
September’s retail sales report provided the first official read on consumer spending in two months after the government shutdown paused a broad range of economic releases.
US retail sales rose modestly in September, suggesting some consumers hit pause after several months of robust spending.
Also on Tuesday, the Bureau of Labor Statistics released the producer price index report, which can help give an indication of where consumer prices are headed. The PPI increased 0.3% in September; when factoring out food and energy, the PPI increased by 0.1%.
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Retail sales tapered off before the shutdown. Will they perk up for the holiday shopping season?
U.S. retailers posted the smallest increase in sales in September in four months, delayed government data showed, as consumers took a break between back-to-school purchases and the holiday shopping season.
U.S. Retail Sales crept up 0.2% M/M to $733.3B in September, compared with the +0.6% increase in August, and less than the +0.4% consensus, according to the delayed data released by the U.S. Census Bureau on Tuesday.
New data on retail sales today that gave a sense of all-important consumer spending as we head into the heart of the holiday shopping season.
By Maria Martinez BERLIN (Reuters) -German import prices fell in October, though less than forecast, while retail sales unexpectedly decreased in the same month, data from the statistics office showed on Friday.
More consumers than ever are doing their Black Friday shopping online rather than in-person. Connor Ling. Watch Next . What’s open on Thanksgiving for shopping, dining
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