US Retail Sales Rise 0.2% in October

Retail sales in the United States rose 0.2 percent month-over-month in October of 2017, slightly below market expectations of no growth but following a upwardly revised 1.9 percent growth in September. 9 of 13 major retail categories showed month-over-month increases.

Purchases at automobile dealers climbed 0.7% after surging 4.6%. So-called retail-control group sales, which are used to calculate GDP and exclude food services, auto dealers, building materials stores and gasoline stations, advanced 0.3% following an upwardly revised 0.5% increase in September.

Anna |
11/15/2017 1:34:59 PM