US retail sales unchanged; consumers showing resilience


Source: rappler.com rappler.com

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FOR SALE. A sale sign is seen at car dealer Serramonte Subaru in Colma, California, October 3, 2017. According to the National Retail Federation, American consumers are spending on household priorities WASHINGTON, USA – US retail sales were unexpectedly flat in September as households cut back on purchases of motor vehicles and other big-ticket items like electronics and appliances amid stubbornly high inflation and rapidly rising interest rates. But consumers are not rolling over yet, with the report from the Department of Commerce on Friday, October 14, also showing a measure of underlying retail sales rising last month, thanks to...