Consumer spending “very strong” in US at end of Sep quarter

16 October 2020

 

Summary:  US retail sales increase for fifth consecutive month; rise nearly triple expected figure; largest monthly rise since September 2017 excluding “wild” gyrations in second quarter; US consumer spending “very strong” at end of Q3; all but one category segments increase sales over month; “vehicles and parts suppliers” the largest influence on total; economists still doubtful of “durability of the rebound”.   US retail sales had been trending up since...

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