{"id":197747,"date":"2023-10-17T10:30:00","date_gmt":"2023-10-17T14:30:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=197747"},"modified":"2023-10-19T12:08:22","modified_gmt":"2023-10-19T16:08:22","slug":"september-retail-sales-top-expectations-as-consumers-defy-high-inflation-interest-rates","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/september-retail-sales-top-expectations-as-consumers-defy-high-inflation-interest-rates\/","title":{"rendered":"September Retail Sales Top Expectations As Consumers Defy High Inflation, Interest Rates"},"content":{"rendered":"\n<p>U.S. retail sales advanced more than expected in September, marking six consecutive months of gains and highlighting the strong resilience of consumers despite surging inflation&nbsp;<a href=\"https:\/\/www.benzinga.com\/topic\/interest-rates\" target=\"_blank\" rel=\"noreferrer noopener\">and elevated interest rates.<\/a><\/p>\n\n\n\n<p>Often considered a gauge of consumer health, the retail sales data released on Tuesday by the U.S. Census Bureau showed a robust 0.7% monthly uptick, down from the upwardly revised 0.8% surge in August and well above the anticipated 0.3%.<\/p>\n\n\n\n<p>On an annual basis, total retail sales are up by 3.8%, up from the 2.5% recorded in August, marking the highest year-over-year advance since February 2023.<\/p>\n\n\n\n<p>Retail sales, excluding the automotive sector, rose 0.6%, down from the upwardly revised 0.9% growth seen in the previous month but beating the projected 0.2%. When also excluding gasoline stations, retail sales rose 0.6%, up from the 0.3% seen in August.<\/p>\n\n\n\n<p>It\u2019s important to note that all these figures are not adjusted for inflation, which experienced a 0.4%&nbsp;<a href=\"https:\/\/www.benzinga.com\/news\/econ-s\/23\/10\/35218470\/cpi-surpasses-estimates-inflation-prints-3-7-in-september-reigniting-fed-rate-hike-speculations\" target=\"_blank\" rel=\"noreferrer noopener\">month-on-month increase in September.<\/a><\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted October 17, 2023 &#8211; <a href=\"https:\/\/www.benzinga.com\/economics\/macro-economic-events\/23\/10\/35286199\/september-retail-sales-top-expectations-as-consumers-defy-high-inflation-interest\">September Retail Sales Top Expectations As Consumers Defy High Inflation, Interest Rates<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"\n<p>U.S. retail sales advanced more than expected in September, marking six consecutive months of gains and highlighting the strong resilience of consumers despite surging inflation and elevated interest rates.<\/p>\n","protected":false},"author":1128,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18,6,8,9,26,3],"tags":[9362,570,850,1546],"contributors-categories":[13584],"class_list":{"0":"post-197747","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-macro","7":"category-north-america","8":"category-region","9":"category-securities","10":"category-text-articles","11":"category-traders-insight","12":"tag-economic-outlook","13":"tag-inflation","14":"tag-interest-rates","15":"tag-retail-sales","16":"contributors-categories-benzinga"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO 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