U.S. retail sales for the month of September recorded its highest upsurge in more than two years thanks to the renovation and clean-up efforts in areas affected by the recent Hurricanes of Harvey and Irma. The misfortunes added to the demands for hardware materials and motor automobiles.
Last week, The Commerce Department announced a 1.6% increase for the month of September which is actually the biggest growth since March 2015. Additionally, the department revised the data for August from 0.2% to 0.1%.
On an annual basis, the Retail sales soared by at least 4.4% which exceeded the estimated results of just 1.7% for the month of September.