Mexican Media Brands
Strong Retail Sales Offer Hope for U.S. Economy
American retail sales, which climbed a revised 1.2% from July to August, rose 1.1% last month, the Dept. of Commerce reports.
#economics
Share
American retail sales, which climbed a revised 1.2% from July to August, rose 1.1% last month, the Dept. of Commerce reports. The increases were the largest back-to-back monthly gains since October 2010.
Gasoline sales rose 2.5% month over month as fuel prices increased in September. But the jump didn't cause consumers to pull back on other purchases. Auto demand grew 1.3% and electronics sales jumped 4.5%.
Economists say robust retail sales are a good sign for the U.S. economy because they are a big component of consumer spending, which accounts for 70% of gross domestic product.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.