© 2022 Western New York Public Broadcasting Association

140 Lower Terrace
Buffalo, NY 14202

Mailing Address:
Horizons Plaza P.O. Box 1263
Buffalo, NY 14240-1263

Buffalo Toronto Public Media | Phone 716-845-7000
WBFO Newsroom | Phone: 716-845-7040
Your NPR Station
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Retail Sales Rose 1.1 Percent In September

Driven by gains at car dealers, U.S. retail sales rose 1.1 percent in September from August, the Census Bureau just reported.

It's the strongest one-month gain since February's 1.3 percent increase.

And sales were up 7.9 percent from September 2010, Census adds.

Consumers purchase about 70 percent of the goods and services the economy produces, so their demand is key to growth. Bloomberg News says that the better-than-expected increase in September should ease concerns that "slumping confidence and scant hiring will derail the biggest part of the economy."

Reuters writes that "consumers shook off some of their concerns about stock market drops and political gridlock, potentially giving new momentum to the weak economic recovery."

Copyright 2021 NPR. To see more, visit https://www.npr.org.

Mark Memmott
Mark Memmott is NPR's supervising senior editor for Standards & Practices. In that role, he's a resource for NPR's journalists – helping them raise the right questions as they do their work and uphold the organization's standards.