September retail sales rise on car sales
Consumer spending accounts for about two thirds of U.S. economic activity, and the Commerce Department data suggests growth at the end of the third quarter might have been stronger than previously thought.Excluding autos, sales increased 0.6 percent in September, above forecasts for a 0.3 percent gain.Sales of motor vehicles and parts rose 3.6 percent, the biggest gain since March 2010. That increase — along with higher sales of furniture, gasoline and electronics — made up for lower grocery store and building material sales. Spending at restaurants and bars also rose.Consumer confidence rebounded modestly in September after dipping in early August to its lowest in more than three decades.Confidence sank deeply over the summer when a bruising battle over the U.S. budget slammed stock prices and pushed the nation to the brink of default. Even with September’s modest improvement, Americans were still more worried about the economy’s outlook than at any point since 1980. The Thomson Michigan’s preliminary consumer sentiment survey for October will be released later on Friday and is expected to creep higher.Stripping out sales of gasoline, autos and building materials, so-called core retail sales rose 0.6 percent in September.Excluding the 1.2 percent rise in gasoline sales, retail sales were 1.1 percent.
September retail sales rise on car sales
Consumer spending accounts for about two thirds of U.S. economic activity, and the Commerce Department data suggests growth at the end of the third quarter might have been stronger than previously thought.Excluding autos, sales increased 0.6 percent in September, above forecasts for a 0.3 percent gain.Sales of motor vehicles and parts rose 3.6 percent, the biggest gain since March 2010. That increase — along with higher sales of furniture, gasoline and electronics — made up for lower grocery store and building material sales. Spending at restaurants and bars also rose.Consumer confidence rebounded modestly in September after dipping in early August to its lowest in more than three decades.Confidence sank deeply over the summer when a bruising battle over the U.S. budget slammed stock prices and pushed the nation to the brink of default. Even with September’s modest improvement, Americans were still more worried about the economy’s outlook than at any point since 1980. The Thomson Michigan’s preliminary consumer sentiment survey for October will be released later on Friday and is expected to creep higher.Stripping out sales of gasoline, autos and building materials, so-called core retail sales rose 0.6 percent in September.Excluding the 1.2 percent rise in gasoline sales, retail sales were 1.1 percent.
September retail sales rise on car sales
Consumer spending accounts for about two thirds of U.S. economic activity, and the Commerce Department data suggests growth at the end of the third quarter might have been stronger than previously thought.Excluding autos, sales increased 0.6 percent in September, above forecasts for a 0.3 percent gain.Sales of motor vehicles and parts rose 3.6 percent, the biggest gain since March 2010. That increase — along with higher sales of furniture, gasoline and electronics — made up for lower grocery store and building material sales. Spending at restaurants and bars also rose.Consumer confidence rebounded modestly in September after dipping in early August to its lowest in more than three decades.Confidence sank deeply over the summer when a bruising battle over the U.S. budget slammed stock prices and pushed the nation to the brink of default. Even with September’s modest improvement, Americans were still more worried about the economy’s outlook than at any point since 1980. The Thomson Michigan’s preliminary consumer sentiment survey for October will be released later on Friday and is expected to creep higher.Stripping out sales of gasoline, autos and building materials, so-called core retail sales rose 0.6 percent in September.Excluding the 1.2 percent rise in gasoline sales, retail sales were 1.1 percent.
Rogers merges insurance service with Swan
Last August, Rogers, which operates in the island’s
financial, property, hotel, aviation and logistics sectors —
said profit before tax rose to 439.6 million rupees for the nine
months to end-June.Mauritius is famed for its white sandy beaches and spas
catering to the luxury end of the leisure market.According to Swan Group’s website, it operates as Swan
Insurance Co Ltd for short-term insurance business and as
Anglo-Mauritius Assurance Society Ltd for life assurance,
pensions, actuarial and investment business.
