U.S. retail sales rose a seasonally adjusted 1.1% in September, as spending rose for every segment except department stores, the Commerce Department said Monday
Excluding autos, which can have an outsized impact on the report, retail sales also rose 1.1%Economists surveyed by MarketWatch expected retail sales to rise by 0.9% last month, or by 0.8% minus autos
In addition, the government revised sales figures for August and July to show somewhat higher spending
Retail sales climbed 1.2% in August - the fastest rate in almost two years - instead of 0.9% as previously reported
And the increase in July sales was revised up to 0.7% from 0.6%
The biggest increase in sales in September took place among stores that sell electronics and appliances, likely boosted by the release of the new iPhone
Sales in that category leaped 4.5%, the biggest increase since October 2011
Gasoline-station sales rose 2.5% and auto sales increased 1.3%
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WASHINGTON (MarketWatch) -- Business inventories climbed 0.6% in August to a seasonally adjusted $1.6 trillion, the Commerce Department said Monday. The gain in inventories was led by motor vehicles and parts, which jumped 1.5% on the month and 20.3% compared to Aug. 2011 levels, and by clothing, which rose 3% monthly and is up 6.2% compared to Aug. 2011 levels. The broader inventory-to-sales ratio stayed at 1.28. July inventories were upwardly revised to 1.1% from 0.8%.
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