A key source of America’s economic power strengthened last month
CNN
American shoppers continue to power the US economy.
American shoppers continue to power the US economy. Spending at US retailers climbed 0.4% in September from the prior month, according to fresh government data released Thursday. That was much stronger than August’s 0.1% gain and was in line with what economists projected in a FactSet poll. Consumer spending makes up about 70% of the US economy, with retail sales comprising a sizable chunk of that. The figures are adjusted for seasonal swings but not inflation. This story is developing and will be updated.
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