US retail sales rose weakly in September

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Data from the US Department of Commerce showed that in September, weak growth in retail sales in the country by only 0.1% compared to August was significantly lower than analysts' forecasts, who had expected growth of 0.6%. The consequences of Hurricane Florence were the main reason for the weakening consumer demand for visiting restaurants, which affected the sales figures in September. The rate of decline in sales in catering establishments by 1.8% was the fastest since December 2016. At the same time, the growth of retail sales excluding cars, gasoline and building materials by 0.5% exceeded the expectations of experts who had predicted a rise of 0.4%. In September, automobiles and spare parts for them were sold by 0.8% more than in August, when a decline of 0.5% was noted. Gasoline sales increased by 1.1% over the month, electronics - by 0.9%, clothing - by 0.8%.

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