Economic News in Review Greenville SC - Oct 20, 2015
By Randy Shamburger, FHA, VA, USDA and Conventional Mortgage Expert
Economic News in Review Greenville SCHere is last week’s Economic News in Review Greenville SC. Retail sales were last week’s big newsmaker as cash register receipts grew, but not as much as economists had wanted. Meanwhile, energy pushed consumer prices down, and lay offs encouragingly dropped to a 42-year low. Retail Sales Retail sales grew, but not as large as analysts had expected. Retail and food services sales grew 0.1 percent in September to hit $447.7 billion, the Census Bureau reported last week. Economists had expected a 0.2 percent increase. Compared annually, last month’s performance was 2.4 percent higher than September 2014’s retail sales. The big driver for September’s sales growth was motor vehicle sales, which were up 1.8 percent. Other retail segments experiencing grow...