Excluding autos and parts, sales of which soared by 3.6% on the month, total volumes were up by 1.0% at $383.83bn (consensus: 0.9%).
With gasoline prices showing a substantial increase, the Commerce Department released a report on Friday showing a significant jump in retail sales in the U.S.in the month of September.
The roaring trade in cars, vehicle parts and fuel helped bring retail sales to life after a year of moribund results and could support stronger GDP growth in the third quarter.
Sales were also 4.4 percent above September 2016, and the monthly change from July 2017 to August 2017 was revised from down 0.2 percent to down 0.1 percent. Gasoline Stations were up 11.4% (±1.4%) from September2016, while Building Materials and Garden Equipment and Supplies Dealers were up 10.7% (±2.1%) from past year. Non-store retailers - primarily by e-commerce and catalog businesses - posted a 9.2% increase from September a year ago.
Losing categories were electronics stores, down 1.1 percent for the month and 4.4 percent for the year, and department stores, down 0.4 percent for the month and 0.5 percent for the year. The latter showed the steepest decline, down 5.5%.
The result was also 4.4 percent above September of previous year.
Apple will produce smartphones only with Face ID starting 2018
Kuo also notes that several Android players may join the 3D sense bandwagon next year, but are unlikely to steal Apple's thunder. Apple made a decision to ditch Touch ID in iPhone X and come up with a new facial recognition technology known as the Face ID.
CHINA BIOLOGIC SHS (CBPO) Trades at New 52-Week Low
FMR LLC boosted its holdings in China Biologic Products by 27.5% in the 1st quarter. ( NASDAQ:CBPO ) opened at 82.59 on Friday. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation.