Retail

Retail is softening, but online sales up: MasterCard report

Patrick T. Fallon | Bloomberg | Getty Images

U.S. retail sales continued to weaken after peaking at 4.7 percent in June—not according to a government report, which aren't being produced during the shutdown, but to one by MasterCard's own data crunchers.

The report from MasterCard Advisors said September retail sales were up just 3 percent year-over-year, which was attributed to a significant drop-off in gasoline spending and a lack of major growth in other sectors.

The company said its SpendingPulse reports historically match Commerce Department figures with a 99.86 percent correlation.

(Read more: US small business confidence dips, but improving trend remains)

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The report also found that Internet retail was up by double digits over last year, while apparel, department store, hardware, furniture and furnishing sales were all down.

The report predicted a continued government shutdown could negatively affect housing and related sectors.

By CNBC's Matt Twomey. Follow him on Twitter @Matt_Twomey.