Business Economy USA

US: 1.1% rebound in retail sales in September

WASHINGTON (Reuters) – Retail sales rebounded in the United States in September, recording its strongest growth for seven months show official statistics published on Friday.

Last month the Commerce Department reported a 1.1% increase in retail sales, thanks to the strength of the automotive sector; Reuters consensus anticipated a rise of 0.7%.

Sales growth during August was revised upward to 0.3 percent.

Excluding automobiles, sales growth in September was 0.6%, twice more than expected by economists.

Sales of cars and parts surged 3.6%, their largest increase since March 2010.

Consumer spending represents about two-thirds of economic activity in the United States.

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