U.S. Retail Sales Beat Expectations For Second Month In A Row

The strength of retail sales data has shocked prognosticators for the second month in a row. What’s new: Although September spending was lower than the peaks reached in the post-vax, pre-Delta variant honeymoon economy of the spring, consumers still spent more defiantly than economists had expected. Total retail sales grew 0.7% in September from the prior month, compared with consensus estimates for a decline of 0.2%, according to government data out Friday. Read more at Axios.