A key source of America’s economic power strengthened last month

  • CNN
  • October 17, 2024
Washington

CNN

 — 

American shoppers continue to power the US economy.

Spending at US retailers climbed 0.4% in September from the prior month, according to fresh government data released Thursday. That was much stronger than August's 0.1% gain and was in line with what economists projected in a FactSet poll.

Consumer spending makes up about 70% of the US economy, with retail sales comprising a sizable chunk of that.

The figures are adjusted for seasonal swings but not inflation.