Alva Review-Courier -

By CHRISTOPHER RUGABER
AP Economics Writer 

Storms surge and US retail sales surge; most in 2 ½ years

 

October 13, 2017



WASHINGTON (AP) — Americans increased their spending at retailers last month by the most in two and a half years, driven by strong auto sales as residents of hurricane-ravaged areas replaced destroyed cars.

Retail sales rose 1.6 percent in September, after slipping 0.1 percent in August, the Commerce Department said Friday.

Auto sales jumped 3.6 percent, the most since March 2015. Gas sales climbed 5.8 percent, the most in four and a half years, reflecting price spikes after Hurricanes Harvey and Irma. The storms damaged oil refineries and pushed up gas prices 13 percent last month.

Even...



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