US retail sales see rise of 1.1 percent in September
October 16, 2012, 12:39 am TWN
WASHINGTON -- Americans stepped up their spending at retail businesses in September, reflecting their growing confidence in the U.S. economy.
Retail sales rose 1.1 percent last month, the Commerce Department said Monday. That followed a 1.2 percent increase in August, which was revised slightly higher. Both were the largest gains since October 2010.
Sales rose in most major categories. Electronics and appliance store sales jumped 4.5 percent. The increase was driven in part by the latest iPhone, which Apple began selling last month. Sales at auto dealers increased 1.3 percent. Gas station sales also rose 2.5 percent, reflecting higher prices.
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