US Apparel Retail Performance Is Expected To Continue To Grow
U.S.A
Ministry of Commerce
Retail sales released in October 14th showed that retail sales in the US grew by 1.1% in September, the largest since February.
Increase
Not only beyond analysts
Expect
It also slightly diluted people's doubts about the economic outlook.
Retail sales grew 1.1% in the last month, the biggest increase in 7 months, according to the Ministry of Commerce, and the government has also increased its growth in August from a previously announced no increase to 0.3%.
In the retail report, there are 10 projects in 13 projects.
Sale
The increase in car sales was the largest and the growth rate was 3.6%.
Excluding car sales, the overall retail sales grew by 0.6%, excluding cars, gasoline and building materials, and retail sales increased by 0.6%, the largest increase since March this year, and August.
data
For growth 0.4%.
Apparel retail sales were strong, with major apparel prices falling the biggest since 1998, boosting sales and sales.
"This is a very strong performance," said Lee booth, chief bond strategist at Janney Montgomery Scott.
Before the Ministry of Commerce has released the retail report, Lee predicted that retail sales in September will grow by 1%.
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