September Retail Sales Show Highest Gain in 7 Months



The Commerce Department announced that U.S. retail sales in September climbed 1.1 percent, their highest gain in seven months, in what analysts called a positive sign for the holiday season.

It also said that retail sales climbed 7.9 percent from one year ago.

Clothing and clothing accessories sales in September were up 1.3 percent for the month, and 7.6 percent over the year before.

The National Retail Federation, in its monthy statistics, found that retail sales increased 0.4 percent in September, with 5.7 percent growth over last September.

“The unexpectedly strong sales increase in September may work to dampen fears of a double-dip recession and could indicate an economic and employment rebound,” said NRF president and CEO Matthew Shay in a statement.