US September retail sales up 0.6 pct vs expected 0.3 pct rise |
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Sun, 14 Oct 2007 20:53
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WASHINGTON (Thomson Financial) - US retail sales rose twice as fast as expected last month, as increasing oil prices boosted cash register totals at gasoline stations and auto dealers showed healthy gains, the Commerce Department said today.Retail sales rose 0.6 pct in September, double the 0.3 pct gain economists surveyed by Thomson's IFR Markets had predicted.Excluding gasoline, retail sales rose 0.4 pct in September after increasing 0.6 pct in August.Retail sales excluding automobiles also rose 0.4 pct after falling by the same amount in the prior month. Economists had expected sales excluding autos to rise 0.3 pct in September.Excluding both gasoline and autos, retail sales rose 0.2 pct in September after falling 0.1 pct in August.Auto sales rose 1.2 pct in September after jumping 3.3 pct in August. Sales at gasoline stations rose 2.0 pct in the month.Clothing store sales fell 0.4 pct in September, while department store sales fell 0.5 pct and furniture store sales declined 0.6 pct in the month.Retail sales have risen 5.0 pct in the past 12 months, the fastest annual gain since May. Retail sales excluding autos have risen 5.1 pct in the past year, also the fastest pace since May.corbett.daly@thomson.comcbd/wash/wjCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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