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U.S. Retail Sales Spike 1.6% In September


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(RTTNews.com) - With gasoline prices showing a substantial increase, the Commerce Department released a report on Friday showing a significant jump in retail sales in the U.S. in the month of September.

The Commerce Department said retail sales surged up by 1.6 percent in September after edging down by a revised 0.1 percent in August.

Economists had expected retail sales to spike by 1.7 percent compared to the 0.2 percent drop originally reported for the previous month.

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This article appears in: Stocks , World Markets , Economy
Referenced Symbols: USD


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