U.S. retail sales snap 6-month winning streak in September as receipts fall 0.3%
Wednesday, 16 October 2019 19:40 WIB | ECONOMY |Ekonomi AS

Sales at U.S. retailers fell in September for the first time in seven months as most stores posted lower receipts, signaling that a widely expected slowdown in consumer spending is underway.

Retail sales fell 0.3% last month, the government said Thursday, ending a streak of six straight strong gains that helped to fuel economic growth in the middle of the year.

Economists polled by MarketWatch expected a 0.3% increase.

Retail sales were flat if gasoline and auto dealer receipts are excluded, but the overall report was still quite weak.

Partly mitigating the soft September report: Retail sales in August were revised to show a 0.6% increase vs. an initial 0.4% estimate.

Source: Marketwatch

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