Car Dealers And Clothing Stores Grew The Most In The US In September.

US retail in September Sale Better than expected, but consumer confidence unexpectedly slipped to the lowest level in more than 30 years, reflecting the public's worries about the boom.

According to data released by the US Commerce Department 14, retail sales grew by 1.1% in September, the largest increase in February, far higher than 0.3% in August and 0.7% in economists surveyed by Bloomberg. stay

Of the 13 main items in the retail sales survey, ten sales increased. Distribution The growth of business and clothing stores was the largest, and car dealership's retail sales grew by 3.6%, the biggest increase in March last year.

Excluding cars, petrol and building materials, retail sales still rose 0.6%, the biggest increase in March.

JanneyMontgomeryScott, chief fixed income strategist Lee booth, said this is a strong performance, showing that retailers are ready to make a big profit in holiday shopping at the end of the year.

However, in October, Thomson Reuters / Michigan University consumer. confidence The index slipped unexpectedly to 57.5, down from 59.4 in September, and less than 60.2 of Bloomberg's analysts' forecasts. This year the index has dropped more than 20 points, and consumer confidence has deteriorated to its lowest level in May 1980.

The unemployment rate has been at a high level of 9.1% in March for the first time in September. Although retailers such as Macy Messi and Karl Kohl (Kohl s) are planning to increase their staffing by the end of the year, the scale may be too small to help improve the unemployment situation, and consumers are also worried about the possible decrease in income.