US retail sales rebounded 0.6 percent in September


WASHINGTON (AP) – U.S. shoppers upped their spending in September, with sharp increases in sales at auto dealers, restaurants and gas stations.

The Commerce Department says retail sales rose 0.6 percent in September, a rebound after sales slipped 0.2 percent in August. During the first nine months of the year, retail sales have increased 2.9 percent compared with 2015.

Stabilizing oil prices meant that sales rose 2.4 percent at gas stations last month. Spending at restaurants improved 0.8 percent, while auto dealers, building materials stores and furnishers notched monthly gains of 1 percent or more.

Department stores suffered a 0.7 percent sales decline in September, part of a broader, long-term setback for the anchor tenants at many shopping malls that are now competing with online outlets for customers.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s