Americans boosted their spending in September, buying everything starting with Apple Inc.’s iPhones and ending with new cars. Even though few sectors are weakening, certainly the consumer economy is gaining strength. Data shows that U.S. retail sales grew approximately 1.1 percent, giving hope that the upcoming holiday shopping season will be successful for the U.S. retailers.
U.S. retail sales are expected to grow 4.1 percent this holiday shopping season. The forecasted growth would be slower than in the past two years because of economic data and rising political uncertainty. The U.S. holiday shopping season will be affected by the uncertain jobs picture, higher gasoline prices as well as general economic worries.