U.S. retail sales increased more than expected in October, likely as Americans started their holiday shopping early to avoid empty shelves amid shortages of some goods because of the ongoing pandemic, giving the economy a lift at the start of the fourth quarter.
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Reuters
U.S. retail sales beat expectations in October
U.S. retail sales increased more than expected in October, likely as Americans started their holiday shopping early to avoid empty shelves amid shortages of some goods because of the ongoing pandemic, giving the economy a lift at the start of the fourth quarter.
Americans ramped up retail spending a strong 1.7% last month
WASHINGTON (AP) — Americans largely shrugged off higher prices last month and stepped up their spending at retail stores and online, providing a boost to the economy.Retail sales rose a seasonally adjusted 1.7% in October from September, the U.S. Commerce Department said Tuesday. That's the biggest gain since March ...