Retail Sales Rose for the 12th Consecutive Month in September
U.S. retail sales increased for a record 12th consecutive month in September, according to data from CNBC and the National Retail Federation (NRF). Total retail sales—excluding auto dealers and gas stations—rose by 0.3% compared to August, reaching $560.8 billion. This marks continued consumer spending resilience despite broader economic uncertainties. The year-over-year growth in total retail sales was reported at 4.1%, indicating sustained demand across the sector. The consistent rise suggests that consumers remain confident and are maintaining their purchasing habits even amid inflationary pressures and potential interest rate hikes by the Federal Reserve.
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Topics: economic growth retail sales