US Retail Sales Data Summary

US retail sales for September exceeded market expectations for the fourth consecutive month.

Retail sales grew by 0.4% in August, surpassing the expected 0.3% and up from the previous 0.1%.

Core retail sales increased by 0.5% in August, significantly above the expected 0.1% and revised from 0.1% to 0.2%.

Retail sales data is a key indicator of consumer spending, which accounts for two-thirds of GDP.

Higher-than-expected retail sales typically bolster the US dollar, reflecting positive economic growth signals.