Retail sales surge in September in show of economic strength

[Counselor706]

Retail sales jumped higher in September, indicating that consumer spending accelerated even coronavirus infection case numbers rose and business continued to layoff thousands of workers.

The U.S. Commerce Department reported Friday that retail sales jumped 1.9 percent compared with August, when sales increased sixth-tenths of a percent from the previous months.

Perhaps more impressive is that the pace of gains is accelerating after five months of consecutive gains. Economists had expected sales to rise just eight-tenths of a percentage point, less than half the actual gain.

Source

 

[Counselor706]

U.S. consumer sentiment moved higher than expected, the University of Michigan’s survey of consumers showed Friday.

After advancing in August and September, economists had expected the preliminary reading of the University of Michigan’s consumer sentiment index to hold nearly steady, ticking up to 80.5 from last month’s 80.4. Instead, it climbed to 81.2.

Source

 

[BoyNextDoor]

You can thank the Marxists.

You are welcome.

 

[StrictMiss]

Goldman Sachs sees November blue wave as positive for US economy.

https://www.marketwatch.com/story/w...s-positive-for-u-s-credit-markets-11602875643

I guess somebody just lost another civil war.

 

[Counselor706]

https://www.marketwatch.com/story/w...s-positive-for-u-s-credit-markets-11602875643

I guess somebody just lost another civil war.

Trump can't WIN!

 

[LLCox]

The only thing a President has to do with an economy is take credit for it.

 

[FescueFan]

You can thank the Marxists.

You are welcome.

LOL....thanks the Marxist.

Get bent commie scum.

 

[WillJ8787]

You can thank the Marxists.

You are welcome.

Yep, we all. Need to buy clothes.

I tried going without and got arrested