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Retail sales rose 0.4% from September to October, the Commerce Department said Friday, a solid increase though less than the previous month's robust 0.8% gain. A 1.6% jump in sales at auto dealers ...
The solid increase in retail sales came despite a late Thanksgiving holiday that pushed Cyber Monday into December, and was consistent with a strong start to the holiday shopping season. Sales at ...
Estimates ranged from no change to an increase of 0.8%. Retail sales advanced 1.7% on a year-on-year basis in September. Gasoline prices dropped by about 12 cents per gallon between August and ...
It forecast a 3% to 4% increase in quarterly sales or between $166.35 billion and $167.97 billion. That is also a bit light, with analysts expecting sales of $167.05 billion.
In October 2022, it increased by 23.1% year by year, which was the most considerable rise since April 2021, faster than the 20.7 per cent increase recorded a month earlier. Retail dropped by 1.9% after accumulating 2.1%in the earlier month. For the first 10 months of 2022, retail sales increased by 15.5% by measuring the exact time of 2021.
Retail has utilized Christmas to generate additional sales. Consumers feel the need to assimilate to the norms of the holiday, which can result in debt. Interest rates benefit the credit card industry. Outside of the retail market sales increase in other sectors of the economy such as grocery and travel.
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