{"id":5276,"date":"2023-10-18T11:42:01","date_gmt":"2023-10-18T03:42:01","guid":{"rendered":"https:\/\/www.umtradings.com\/?p=5276"},"modified":"2023-10-18T11:42:01","modified_gmt":"2023-10-18T03:42:01","slug":"september-sees-impressive-results-in-u-s-retail-and-manufacturing","status":"publish","type":"post","link":"https:\/\/www.umtradings.com\/vn\/september-sees-impressive-results-in-u-s-retail-and-manufacturing\/","title":{"rendered":"Sep&#8217;23 Economic Growth Soars for US Retail and Manufacturing"},"content":{"rendered":"<div class=\"wp-block-post-date has-text-color has-black-color has-medium-font-size\"><a href=\"https:\/\/www.umtradings.com\/vn\/september-sees-impressive-results-in-u-s-retail-and-manufacturing\/\"><time datetime=\"2023-10-18T11:42:01+00:00\">October 18, 2023<\/time><\/a><\/div>\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h1 class=\"wp-block-heading has-black-color has-text-color\"><strong>U.S. Retail Sales Thrived in September 2023<\/strong><\/h1>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">As we delve into the latest economic data for September 2023, it becomes evident that the U.S. retail and manufacturing sectors are experiencing notable developments. <\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">This comprehensive report highlights the key statistics and trends that are shaping these critical segments of the American economy.<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Consumer Spending Takes the Lead<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">In September, <a href=\"https:\/\/apnews.com\/article\/retail-sales-september-economy-inflation-d238300eda86e908c3041018b5bb483f\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Read More About the Retail Sales Figure Here.\">U.S. retail sales increased by a solid 0.7%<\/a>, building on the previous month&#8217;s 0.8% rise. This is good news, especially given the challenges posed by high prices and borrowing costs. Consumers continued to show confidence by spending more than expected, defying economic uncertainties.<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Leading Categories<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Several categories saw remarkable growth:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Miscellaneous store retailers: Up by 3%<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Non-store retailers: A solid increase of 1.1%<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Motor vehicles and parts dealers: An impressive 1% growth<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Gasoline stations: 0.9% increase<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">It&#8217;s important to note that these figures don&#8217;t account for inflation, making these results even more noteworthy.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2023\/10\/1-22.png\" alt=\"Retail Sales Chart by Ultima Markets MT4\" class=\"wp-image-5277\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size wp-block-paragraph\"><em>(Retail Sales, United States Department of Commerce)&nbsp;<\/em><\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Diverse Sectors Register Growth<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">In addition to the standout categories, other sectors also did well:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Food services and drinking places: 0.9% rise<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Health and personal care stores: An 0.8% increase<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Food and beverage stores: 0.4% growth<\/li>\n\n\n\n<li class=\"has-medium-font-size\">General merchandise stores: Also up by 0.4%<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">However, some sectors experienced declines:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\">Electronics and appliances: Decreased by 0.8%<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Clothing stores: A drop of 0.8%<\/li>\n\n\n\n<li class=\"has-medium-font-size\">Building material and garden equipment stores: A slight dip of 0.2%<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Even when we exclude automobile sales, gasoline, building materials, and food services, retail sales still rose by a solid 0.6%. These results are a testament to consumer resilience in the face of economic challenges.<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Strong U.S. Manufacturing Output Growth<\/strong>&nbsp;<\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-black-color has-text-color\"><strong><em>Manufacturing Shines<\/em><\/strong><\/h3>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">In September, production in U.S. factories increased more than expected, even though there were strikes in the automobile industry that limited the production of motor vehicles. This is additional proof that the economy finished the third quarter with strength.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-black-color has-text-color\"><strong><em>Positive Manufacturing Data<\/em><\/strong><\/h3>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">The Federal Reserve reported a 0.4% increase in manufacturing output last month. In contrast, the data for August was revised downwards, showing a 0.1% decrease in factory production, instead of the previously reported 0.1% increase. <a href=\"https:\/\/www.reuters.com\/markets\/us\/us-manufacturing-output-rises-solidly-september-2023-10-17\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Read More about the survey here.\">Economists surveyed by Reuters had predicted a 0.1% uptick in factory output<\/a>.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-black-color has-text-color\"><strong><em>Year-on-Year Analysis<\/em><\/strong><\/h3>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Looking at the year-on-year basis, production saw a 0.8% decline in September, with no change in the third quarter. Durable goods manufacturing output increased at an annualized rate of 2.3%, but this was offset by a 2.4% decline in nondurable manufacturing.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2023\/10\/2-18.png\" alt=\"Manufacturing Production MoM, FED by Ultima Markets MT4\" class=\"wp-image-5278\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size wp-block-paragraph\"><em>(Manufacturing Production MoM, FED)&nbsp;<\/em><\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Summary<\/h2>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">In summary, the data for September 2023 highlights a resilient U.S. retail sector and a manufacturing industry that&#8217;s bouncing back from challenges. Consumers are spending with confidence despite rising prices, and manufacturers are adapting positively. <\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Staying informed and agile in these sectors is essential for businesses and investors looking to seize the opportunities presented by these trends.<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n","protected":false},"excerpt":{"rendered":"<p>U.S. Retail Sales Thrived in September 2023 As we delve into the latest economic data for September 2023, it becomes evident that the U.S. retail and manufacturing sectors are experiencing notable developments. This comprehensive report highlights the key statistics and trends that are shaping these critical segments of the American economy. Consumer Spending Takes the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":5279,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2,61,3],"tags":[158],"class_list":["post-5276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market_news","category-market_outlook","category-latest","tag-retail-and-manufacturing"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts\/5276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/comments?post=5276"}],"version-history":[{"count":0,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts\/5276\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/media?parent=5276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/categories?post=5276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/tags?post=5276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}