{"id":1877,"date":"2023-10-18T17:05:40","date_gmt":"2023-10-18T17:05:40","guid":{"rendered":"https:\/\/connectwithfund.com\/economy\/us-retail-sales-rise-0-7-in-september-despite-off-peak-season\/"},"modified":"2023-10-18T17:05:41","modified_gmt":"2023-10-18T17:05:41","slug":"us-retail-sales-rise-0-7-in-september-despite-off-peak-season","status":"publish","type":"post","link":"https:\/\/connectwithfund.com\/?p=1877","title":{"rendered":"US retail sales rise 0.7% in September despite off-peak season"},"content":{"rendered":"
\n

U.S. retail sales have seen an unexpected rise of 0.7% in September, due to high demand at auto dealerships, online stores, and increasing gasoline prices. This increase occurred during a period typically considered off-peak, falling between the bustling back-to-school and holiday-shopping seasons.<\/p>\n

Auto dealer sales, representing nearly a fifth of all retail sales, rose by 1%, while gas station receipts\u2014reflecting higher fuel costs\u2014also saw a similar increase. When excluding auto and gas sales, the retail sector still demonstrated robust growth of 0.6%.<\/p>\n

Internet retailers experienced a 1.1% surge in sales. The restaurant industry also enjoyed growth, with bars and restaurants noting a 0.9% increase, and overall restaurant sales soaring by 9.2% over the past year.<\/p>\n

However, not all sectors shared in this growth. Sales declined at big-box electronics stores, clothing outlets, and home centers such as Home Depot <\/span><\/span> (NYSE:) and Lowe\u2019s (NYSE:).<\/p>\n

The Federal Reserve’s goal to slow inflation may face challenges due to this robust economic growth. Furthermore, August’s sales were revised upward to a 0.8% increase from an initial estimate of 0.6%.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. retail sales have seen an unexpected rise of 0.7% in September, due to high demand at auto dealerships, online stores, and increasing gasoline prices. This increase occurred during a period typically considered off-peak, falling between the bustling back-to-school and holiday-shopping seasons. Auto dealer sales, representing nearly a fifth of all retail sales, rose by 1%, while gas station receipts\u2014reflecting higher fuel costs\u2014also saw a similar increase. When excluding auto and gas sales, the retail sector still demonstrated robust growth of 0.6%. Internet retailers experienced a 1.1% surge in sales. The restaurant industry also enjoyed growth, with bars and restaurants<\/p>\n","protected":false},"author":1,"featured_media":1878,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-1877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\nUS retail sales rise 0.7% in September despite off-peak season | ConnectWithFund<\/title>\n<meta name=\"description\" content=\"U.S. retail sales have seen an unexpected rise of 0.7% in September, due to high demand at auto dealerships, online stores, and increasing gasoline\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/connectwithfund.com\/?p=1877\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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