Sunday, March 1, 2015
YOLO COUNTY NEWS
99 CENTS

Outside drop in autos, U.S. retail spending rises

By
From page A2 | October 29, 2013 |

WASHINGTON (AP) — A sharp drop in auto sales caused largely by a calendar quirk lowered U.S. retail spending in September. But Americans spent more on most other goods, showing some confidence in the economy before much of the government shut down.

Overall retail sales dipped 0.1 percent, the Commerce Department said Tuesday. That was the weakest showing since March.

Auto sales fell 2.2 percent, the largest decline since October 2012. But the drop occurred largely because the sales calendar pulled Labor Day weekend activity into August, automakers have said. That means the drop was likely temporary.

Excluding autos, gas and building supplies, sales rose 0.5 percent in September, up from 0.2 percent in August. Economists exclude those categories because they tend to be volatile.

Outside of autos, nearly all retailers reported higher sales, including furniture stores, electronics and appliance retailers, and grocery stores. Sales at clothing stores and department stores were the only others aside from autos to decline.

Retail sales are closely watched because they’re the government’s first report each month on consumer spending, which accounts for 70 percent of U.S. economic activity.

Americans have increased their spending modestly this year. But slower job growth and minuscule pay raises could make them less inclined to open their wallets.

Consumer confidence fell in September to a four-month low, according to the Conference Board. In addition to a weaker job market, higher interest rates and a drop in stock prices may have also weighed on Americans’ outlook.

The Conference Board will release the October consumer confidence report on Tuesday as well. Economists expect it will fall even further, reflecting concerns last month about the partial government shutdown.

Employers added an average of just 143,000 jobs a month from July through September. That’s down from 182,000 a month from April through June and 207,000 in the first three months of the year.

Sluggish spending is likely to weigh on growth. Most economists predict growth slowed in the July-September quarter to an annual rate of about 1.5 percent to 2 percent, down from a 2.5 percent rate in the April-June quarter. And the shutdown is likely to keep growth at a sluggish pace for the final three months of the year.

The retail sales report was delayed by the shutdown. It was originally scheduled to be released Oct. 11.

————

By Christopher S. Rugaber, AP economics writer

Comments

comments

The Associated Press

.

News

Sheriff: Mother ‘sole person responsible’ for infant’s death

By Lauren Keene | From Page: A1 | Gallery

 
Rifle Team has a blast with competitive shooting

By Savannah Holmes | From Page: A1 | Gallery

Child abduction case in jury’s hands

By Anne Ternus-Bellamy | From Page: A1

 
Pipeline project will soften water in 2016

By Dave Ryan | From Page: A1

Pig out at Farmers Market’s Pig Day

By Enterprise staff | From Page: A1

 
Weekend storm drops snow, rain, hail in California

By The Associated Press | From Page: A2

Christie to Republicans: No rush to pick 2016 nominee

By The Associated Press | From Page: A2

 
Bob Dunning: Colon prep can be hard to swallow

By Bob Dunning | From Page: A2

Scouts help fill STEAC’s pantry

By Enterprise staff | From Page: A2

 
Parole denied in 1987 killing spree

By Enterprise staff | From Page: A3

Explore Asia at Arboretum storytime

By Enterprise staff | From Page: A3

 
MU Games closing in late March

By Special to The Enterprise | From Page: A3

Still no parole in toddler case

By Enterprise staff | From Page: A3

 
City offers wetlands tour

By Special to The Enterprise | From Page: A3 | Gallery

UCD student with meningococcal disease is recovering

By Special to The Enterprise | From Page: A4

 
Young patients bond with special stuffies

By Special to The Enterprise | From Page: A4 | Gallery

Diversity theater group continues creativity workshops

By Special to The Enterprise | From Page: A4

 
Radio talk show moves to Mondays

By Enterprise staff | From Page: A4

Assault awareness campaign kicks off

By Anne Ternus-Bellamy | From Page: A4

 
UCD student panel to cover anti-Semitism, Islamophobia

By Special to The Enterprise | From Page: A6

Yolo Food Bank hosts thank-you breakfast on Pig Day

By Enterprise staff | From Page: A9

 
.

Forum

Mars or ISIS? Similar outcome

By Letters to the Editor | From Page: B4

 
City may get charged up over energy choices

By Special to The Enterprise | From Page: B4

Milt Priggee cartoon

By Debbie Davis | From Page: B4

 
Rowing: PE as well as life skills

By Letters to the Editor | From Page: B4

Police complaint procedures drafted

By Letters to the Editor | From Page: B4

 
Clarifying energy update letter

By Letters to the Editor | From Page: B4

Weekly claw pickup necessary

By Letters to the Editor | From Page: B4

 
Design innovation centers for the 21st century

By Special to The Enterprise | From Page: B5

 
Speak out

By Enterprise staff | From Page: B5

 
A new perspective on life

By Creators Syndicate | From Page: A7

Distant water crisis has lessons for Davis

By Marion Franck | From Page: A7

 
Call for study to settle if anesthesia poses risk to babies

By The Associated Press | From Page: A7

.

Sports

Devils get a soccer win despite finishing woes

By Evan Ream | From Page: B1 | Gallery

 
Winning close games is the key for DHS softballers

By Spencer Ault | From Page: B1 | Gallery

 
Aggie men get a bounce-back win at Cal Poly

By Enterprise staff | From Page: B1

The mystery continues: lowly Gauchos upset UCD women

By Bruce Gallaudet | From Page: B1 | Gallery

 
Sports briefs: Razo throws well as Aggies get a baseball win

By Enterprise staff | From Page: B2 | Gallery

Defending champion Blue Devils have diamond holes to fill

By Thomas Oide | From Page: B3 | Gallery

 
Republic FC falls to storied New York Cosmos

By Evan Ream | From Page: B10

.

Features

.

Arts

.

Business

Yolo Federal Credit Union honored for supporting business education

By Special to The Enterprise | From Page: A10

 
Online store will celebrate, mock People’s Republic of Davis

By Wendy Weitzel | From Page: A10 | Gallery

.

Obituaries

.

Comics

Comics: Sunday, March 1, 2015

By Creator | From Page: B8