U.S. Retail Sales Jump

Receipts have broadly increased, led by sporting goods and hobbies. Autos surprise with 0.5% increase after 3.3% decline in August. U.S. retail sales achieved 0.7% gain in September.

U.S. retail sales unexpectedly increased last month in a broad advance, suggesting resilient demand for merchandise even as production constraints limit supply according to data released Friday.

The value of overall retail purchases increased 0.7% in September following an upwardly revised 0.9% gain in August, Commerce Department figures showed Friday. Excluding autos, sales advanced 0.8% in September.