Retail sales tapered off before the shutdown. Will they perk up for the holiday shopping season?

Core Insights - Restaurant sales remained robust prior to the government stalemate, indicating strong consumer demand and resilience in the industry [1] Group 1: Sales Performance - Restaurant sales showed a significant increase, with a year-over-year growth of 8.4% in August, reaching $82.4 billion [1] - The growth in sales was driven by higher menu prices, as operators passed on increased costs to consumers [1] Group 2: Consumer Behavior - Consumers continued to dine out despite economic uncertainties, reflecting a shift in spending habits towards experiences rather than goods [1] - The strong performance in restaurant sales suggests that consumers are willing to spend on dining, even in the face of potential government disruptions [1] Group 3: Industry Outlook - The restaurant industry is expected to maintain its momentum, with operators optimistic about future sales growth [1] - The ongoing demand for dining experiences may provide a buffer against economic challenges, positioning the industry favorably in the near term [1]