Robust retail sales hint at strong holiday season
Retail sales rose 1.9% in September, topping analysts expectations and accelerating from the 0.6% gain in August. Nareit economist Calvin Schnure says that the recovery of retail sales since June hints at a robust holiday season, as spending in September was 8.2% above last year. Households aren't going out to dinner or entertainment or on vacations, and may be ready to spend some of the savings that they have accumulated.
Full Story: Nareit (10/19)