Following August's slump (worst since Jan '16), September's retail sales data was expected to surge 1.7% MoM (thanks in large part to the spike in auto sales) but it disappointed with a 1.6% spike (still the most since March 2015).
U.S. retail sales jumped last month by the most in more than two years as motor vehicles lost to hurricanes were quickly replaced and higher prices lifted receipts at gasoline stations, Commerce Department figures showed Friday.
PhD - Millionaire - Warns - Americans - Out
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Drivers - Surge - Gas - Prices - Gain
The main drivers (as expected) were a surge in gas prices (biggest gain in 4 years) and auto sales (biggest since March 2015).
8 of 13 major retail categories showed a gain.
Bloomberg - Reports - Vehicle
As Bloomberg reports, vehicle...
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