U.S. Retail Sales Surge in September

Retail sales climbed 1.9 percent last month, the government said Friday. Economists polled by MarketWatch had forecast a 1.2 percent increase.

Setting aside the large auto segment, retail sales were still quite strong, up 1.5 percent.

Although retail sales have snapped back quickly to pre-crisis levels and done so far faster than expected, many economists worry a letdown is coming. People are returning to work at a slower pace, the coronavirus is spreading rapidly again, and Washington has failed to pass a second coronavirus-relief bill, triggering fresh worries about the health of the economy.

Click here to view the full story from Jeffry Bartash at MarketWatch.

Yet sales also rose in every other major category, except for electronic and appliance stores.


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