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U.S. Retail Sales Climb Most Since 2015 on Storm-Related Boost
U.S. retail sales jumped last month by the most in more than two years as motor vehicles lost to hurricanes were quickly replaced and higher prices lifted receipts at gasoline stations, Commerce Department figures showed Friday. Overall sales surged 1.6% (est. 1.7% gain), the most since March 2015, after a revised 0.1% decline in prior month Purchases at car dealers rose 3.6%, also the largest advance since March 2015, after 2.1% decrease So-called retail-control group sales, which are used to calculate GDP and exclude. Vehicle sales helped to drive the overall gain at retailers in September. Demand recovered after ... (full story)
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