U.S. retail spending strengthens
(CNN)– Americans are still opening their wallets despite years of elevated inflation.
According to fresh government data, spending at U.S. retailers climbed .4% in September from the prior month.
The largest increase was seen at specialty stores, clothing stores, and at health and personal care shops.
Sales at bars, and restaurants also rose 1% last month.
Meanwhile, sales of electronics and appliances plunged 3% from August.
Consumer spending makes up about 70% of the U.S. economy.