View full page at forexfactory.com

 

U.S. retail sales post first decline in seven months

From reuters.com

U.S. retail sales fell for the first time in seven months in September, which could raise fears that manufacturing-led weakness was spreading to the broader economy, keeping the Federal Reserve on course to cut interest rates again this month.The Commerce Department said on Wednesday retail sales dropped 0.3% last month as households cut back spending on motor vehicles, building materials, hobbies and online purchases. That was the first and biggest drop since February. Data for August was revised up to show retail sales gaining 0.6% instead of 0.4% as previously reported. Economists polled by Reuters had forecast ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis