September Retail Sales Surge, Defying Consumer Slowdown Concerns

Retail sales in September exceeded expectations, with a growth of 0.7% from the previous month, indicating the resilience of the American consumer despite predictions of a slowdown. Sales excluding auto and gas also increased by 0.6%, surpassing estimates. The report reflects strong consumer spending, which has been a key factor in keeping the US economy out of a recession. However, some companies have indicated a potential slowdown in the future, as consumers and businesses are spending down their cash buffers.