Consumer Spending Surge Boosts U.S. Retail Sales in September

U.S. retail sales showed a solid increase of 0.4% in September, surpassing economists’ expectations of a 0.3% rise. This growth was driven by strong consumer spending in various sectors, including restaurants, clothing stores, and online purchases. The increase in retail sales suggests that the U.S. economy maintained robust growth in the third quarter, supported by solid income growth, ample savings, and strong household balance sheets.