Reported 8 days ago
October retail sales increased by 0.4%, surpassing forecasts of 0.3%, while September's spending was notably revised up to a 0.8% growth from the previous 0.4%. Auto sales contributed significantly to October's gains, rising 1.6%. Despite less growth in other categories, economists note that consumer spending remains robust, indicating a solid outlook for the US economy into the fourth quarter.
Source: YAHOO