September Retail Sales Exceed Estimates, Jobless Claims Fall More Than Expected

Quick Summary:

Excluding motor vehicles and parts, retail sales grew 0.5% month-over-month, exceeding the forecasted 0.1% increase and the upwardly revised 0.2% growth in August.

Retail sales in September exceeded expectations, highlighting strong consumer spending and reinforcing positive signals for broader economic growth as the third quarter wrapped up.

September Retail Sales Report: Key Highlights Retail sales increased by 0.4% in September from the previous month, surpassing both the 0.3% economist consensus, as per TradingEconomics, and the 0.1% growth in August.

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Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets: United StatesTaiwan

Topics: Employment SOXX US4642875235 Unemployment US8740391003 Retail Sales Large Cap Economics Equities Tech Benzinga Labor market TSM Top Stories Markets Econ #s Stories That Matter Retail

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 12:50:51 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 187 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23102863

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