Retail sales in the U.S. crept up by much less than expected in the month of September, according to a report released by the Commerce Department on Monday.
The Commerce Department said retail sales inched up by 0.1 percent in September, matching the uptick seen in August. Economists had expected retail sales to climb by 0.5 percent.
Excluding a rebound in auto sales, retail sales edged down by 0.1 percent in September after rising by a downwardly revised 0.2 percent in August.
Ex-auto sales had been expected to rise by 0.3 percent. matching the increase originally reported for the previous month.
The material has been provided by InstaForex Company -
www.instaforex.com