U.S. retail trade increase steeply during September with energy, food expenditure
(MENAFN) On Friday, Oct. 15 data issued by the Commerce Department showed that US retail trade surged steeply last month.
Retail sales stood at USD625.4 billion, a rise by 0.7 percent from a revised level of USD620.9 billion in August.
While analysts projected a 0.2 percent decrease on a monthly level, the data in August was changed from a rise of 0.7 percent to 0.9 percent.
The yearly climb in September was 13.9 percent, against the corresponding month last year.
The agency’s Census Bureau noted in a report: "gasoline stations were up 38.2% from September 2020, while food services and drinking places were up 29.5% from last year."
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