U.S. consumer confidence was shaken significantly by the U.S. government shutdown and debt-ceiling negotiations. The index fell to 71.2 from a revised 80.2 last month; the decline was the largest since August 2011.
Retail sales in the U.S. outside of auto dealers climbed in September, indicating households were sustaining the economic expansion before the government shutdown shook confidence.
A study of High Point Furniture Market's economic impact on North Carolina and the Triad region should go a long way to ensure continued state funding for the event.
Billionaire Warren Buffett says it would be idiocy for the nation's leaders to allow the United States to default on its bills.
The High Point Market contributes $5.4 billion in economic impact to the overall local economy with more than 37,000 jobs and $198 million in N.C. local and state taxes and fees.
Retailers' orders for furniture rose 13 percent in July compared to the same month last year, according to the latest Furniture Insights survey.
U.S. retail sales rose less than expected in August even as demand increased for automobiles and other big-ticket items, the latest sign that economic growth slowed in the third quarter.
The Commerce Department said on Friday retail sales increased 0.2 percent last month as Americans bought automobiles, furniture and electronics and appliances.
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Source: Yahoo! News