Retail Sales Increase in September: 5 Solid Stocks to Buy

U.S. retail sales increased for the fifth straight month in September as Americans spent more on clothing, cars and eating out. Needless to say, the retail sector has finally started to bounce back after taking a massive hit during the peak of the pandemic. Overall, the third quarter has been good for the retail sector although it’s far from last year’s level.

However, the sale of electronic goods was somewhat down, which slowed the overall retail sales. Interestingly, motor vehicle sales will be one of the highpoints of September’s retail sales. Also, e-commerce sales saw a rise in September. Although coronavirus-related restrictions have eased, and businesses and stores have started reopening, most people are still shopping online, thereby boosting sales.

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