RETAIL SALES ROSE BY 1.7% IN OCTOBER

Key Points:

  • Retail sales, a measure of purchases at stores, restaurants and online, rose by 1.7% in October over the month.
  • Consensus among economists was a 1.4% increase.
  • Excluding autos, retail sales rose by 1.7% over the month.
  • Higher spending in part reflects rising costs because consumer prices advanced 0.9% in October from September and 6.2% from a year earlier.
  • The Right Facts will continue to monitor retail sales.
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