Here come retail sales ...

Read full story

mannequins shopping Sean/Flickr

The Census Bureau will release retail sales data for September at 8:30 a.m. ET.

Economists estimate that retail sales rose 0.2% during the month, unchanged from August. Excluding auto and gas, they estimate that sales fell 0.1%.

Retail sales data help us feel the pulse of consumer spending, which accounts for about two-thirds of gross domestic product.

"Gasoline price declines likely reduced nominal retail sales in September, but we project decent gains in other spending, wrote UBS economists in a client preview. "Strong auto sales have already been reported, and we project a continuation of decent sales ex autos and gasoline. iPhone sales began in late September and probably contributed very slightly (<0.1 pct pt) to sales."

We'll be back with the latest once the data cross.

NOW WATCH: 5 Ways Supermarkets Trick You Into Spending More Money

Add Comment()

Comments ()

Sort By:
Be the first one to comment.
We have sent you a verification email. This comment will be published once verification is done.