Consumers keep powering the economy forward despite cracks.
Share on linkedin Shoppers in September. Photo: Li Jianguo/Xinhua via Getty Imagescontinued into the start of the fall, as retail sales surged ahead in September, according to new government data.Retail sales rose 0.7% last month, far above the 0.2% that analysts had expected.
Sales at restaurants and bars were up 0.9%, internet sales up 1.1%, and sales at "miscellaneous store retailers" — which includes office supplies, florists, gift shops, and more — were up 3%., so the strong gains indicate Americans were buying more last month, not just paying more.Consumer spending represents about two-thirds of all U.S.
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30-year Treasury yield on edge of 5% after strong September U.S. retail salesVivien Lou Chen is a Markets Reporter for MarketWatch. You can follow her on Twitter vivienlouchen.
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