Reported 8 days ago
Retail sales in October rose 0.4%, indicating strong consumer spending despite some price increases and challenges from last month’s hurricanes. Significant gains were seen in auto sales and electronics. As the holiday shopping season approaches, a solid but not as robust spending is expected compared to last year, with some consumers still feeling the impact of high food prices. The overall economic outlook remains positive, with consumer confidence rising and spending patterns reflecting a willingness to engage in the market.
Source: YAHOO