US Retail Sales Rise 0.8% in September as Gasoline Stations Mask Softer Core Spending
Updated
Updated · Bloomberg · Oct 15
US Retail Sales Rise 0.8% in September as Gasoline Stations Mask Softer Core Spending
3 articles · Updated · Bloomberg · Oct 15
Summary
September retail sales increased 0.8% after a revised 1.3% gain in August, beating forecasts and extending household spending momentum.
Gasoline receipts drove much of the advance, while sales excluding motor vehicles and gas rose just 0.2%, pointing to mixed demand across other retailers.
The report reflects nominal spending rather than inflation-adjusted volumes, suggesting higher prices at the pump inflated the headline gain.
That split comes as September producer prices jumped 1.3% on the month and 6.3% from a year earlier, underscoring broader energy-driven inflation pressure in the economy.