St Louis Commercial Mortgage: Retail Sales Up
St Louis Mortgage and Real Estate News –
St Louis Commercial Financing News: Retail Sales Up For Now
St Louis Home Mortgage and Commercial Loans | Principal Loan Reduction
877-334-0210 or 314-334-0210 | Floyd Tapia, Commercial Lending
Economists surveyed by Briefing.com had anticipated that September sales would
grow 0.4 percent.
Consumer spending accounts for two-thirds of U.S. economic activity, and related reports such as retail sales are closely watched to gauge the strength of the economy.
Sales excluding autos and auto parts rose by 0.4 percent from August. Analysts expected sales ex-autos to jump 0.4 percent.
Strength in auto, electronics and online sales paced the September incline.
Auto and other motor vehicle dealers sales were up 1.6 percent over August and 19 percent over a year earlier.
Electronics stores reported a 1.5 percent increase over August, while online stores ticked up by 1 percent.
In a separate report released last week, individual retailers reported strong sales results for September.
Thomson Reuters, which tracks same-store sales for a group of 28 national chains, said total sales for the group rose 2.8 percent in September.
An important gauge of a retailer's health, same-store sales have been on the rise for 13 months in a row, according to Thomson Reuters.
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Articles and News Sponsored by Liberty Lending Consultants
When applying for any type of St Louis mortgage, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at 314-336-9111 and ask for Steve Swan or Doug Stahlschmidt.
For business owners looking for small business loans and alternative financing that works including home owners who are credit challenged or upside down on their home loan, call Floyd Tapia, host of the St. Louis "Mortgage Minute" at 314-334-0210.
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