Retail sales unexpectedly gain in September as consumers keep spending

Retail sales unexpectedly gain in September as consumers keep spending

October 16, 2021 Joan Grumbles 0

Consumers spent at a much faster pace than expected in September, defying expectations for a pullback amid pervasive supply chain problems, the Census Bureau reported Friday.Retail sales for the month increased by 0.7%, against the Dow Jones estimate for a decline of 0.2%. Excluding auto-related sales, the number rose 0.8%, better than the 0.5% forecast.Compared…