September U.S. Retail Sales Beat Expectations As Default Risk Ticks Lower

Summary

• Shoppers spent more than expected at retailers, bars and restaurants in September, in a possible sign that cooling inflation is encouraging price-wary consumers to spend.
• Retail and food services sales grew 0.4% in September from the previous month, according to advance estimates reported Oct. 17 by the US Census Bureau.
• Meanwhile, default risk for retailers ticked down in the roughly a month ending Oct. 17. Retailers stayed out of bankruptcy court during the same period.

FreshSplash

Shoppers spent more than expected at retailers, bars and restaurants in September, in a possible sign that cooling inflation is encouraging price-wary consumers to spend.

Retail and food services sales grew 0.4% in September from the previous month, according to