Showing posts with label U.S. retail. Show all posts
Showing posts with label U.S. retail. Show all posts

Tuesday, 17 November 2020

U.S. retail sales miss expectations in October




U.S. retail sales increased less than expected in October and could slow further, restrained by spiraling new COVID-19 infections and declining household income as millions of unemployed Americans lose government financial support. Retail sales rose 0.3% last month, the Commerce Department said on Tuesday. Data for September was revised down to show sales surging 1.6% instead of shooting up 1.9% as previously reported. Economists polled by Reuters had forecast retail sales would gain 0.5% in October.