“Retail sales post big gain in September as consumers show unexpected strength”
October 16, 2020
“Consumers spent at a much faster pace than expected in September, with retail sales rising 1.9% in a sign that the U.S. economy’s biggest driver remains healthy. Economists surveyed by Dow Jones expected sales to increase 0.7%, up from a 0.6% rise in August.
Excluding autos, the gain amounted to 1.5%, which also was better than the 0.4% estimate.
Clothing and accessories led the advances, rising by 11%, while sporting goods, music and books jumped 5.7%. Electronics and appliances was the only major sector that was negative, dropping 1.6% from the August levels.
Markets reacted positively to the news, with Dow futures implying an opening gain of about 126 points…”
https://www.cnbc.com/2020/10/16/retail-sales-september-2020.html