The U.S. Department of Commerce said on the 25th (local time) that the country's September retail sales were $73.3 billion, up 0.2% from the previous month. The figure fell short of the 0.3% forecast compiled by Dow Jones.
The monthly retail sales indicator is a flash statistic that mainly tallies goods sales within overall consumption. It is regarded as a gauge of shifts in consumption, the backbone of the U.S. economy.
Wall Street has warned that consumer spending could be restrained as U.S. consumer sentiment worsens on concerns about inflation from tariff policy and a recession.
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