Economic Buzz: US Retail Sales Remained Unchanged In September

17 Oct 2022 , 09:54 AM

A report released by the Commerce Department on Friday showed U.S. retail sales unexpectedly came in unchanged in the month of September. The Commerce Department said retail sales were virtually unchanged in September after rising by an upwardly revised 0.4 percent in August. The flat reading on retail sales came amid a modest pullback by sales by motor vehicle and parts dealers, which fell by 0.4 percent in September after surging by 2.8 percent in August. On the other hand, the report showed sales by gas stations slumped by 1.4 percent in September after plunging by 5.2 percent in August amid lower gasoline prices. Powered by Commodity Insights