US Retail Sales Exceed Forecasts in September, Driven by Gasoline Receipts
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
- September US retail sales surged 0.8%, beating 0.3% forecast.
- August sales revised to 1.3%; September PPI jumped 1.3%.
- Gasoline prices boosted both retail sales and PPI.
United States retail sales in September advanced by 0.8% month-over-month, considerably exceeding the 0.3% increase anticipated by economists. Data released on Thursday by the Commerce Department also showed an upward revision for August sales, which climbed by 1.3%. While the headline figure was strong, spending at gasoline stations played a significant role, with sales excluding autos rising by 0.9% against a 0.5% forecast. However, the retail control group, a key component for GDP calculations, registered a modest 0.1% gain, falling short of the 0.3% expectation, indicating mixed underlying consumer demand beyond fuel.
U.S. retail sales climbed 0.8 percent in September, exceeding economists’ forecasts for a 0.3 percent rise. August retail sales were also upwardly revised to 1.3 percent from an initial 1.2 percent. Separately, U.S. producer prices (PPI) jumped 1.3 percent in September, also beating forecasts, with gasoline prices noted as a significant factor in both retail sales and PPI increases.