U.S. Retail Sales Increased in September by Most in Three Months


© Reuters. U.S. Retail Sales Increased in September by Most in Three Months

(Bloomberg) — U.S. rose in September at the fastest pace in three months, topping forecasts and capping a third-quarter rebound for consumer spending that faces increasing headwinds.

The value of overall sales increased 1.9% from the prior month after a 0.6% gain in August, Commerce Department figures showed Friday. The median estimate in a Bloomberg survey of economists called for a 0.8% gain. Excluding autos and gasoline, sales rose 1.5%.

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