US Retail Sales Rebound in October

US retail and food services sales increased 0.3 percent in October, following a 0.3 percent drop in the previous month, boosted by sales in food, clothing and sporting goods shops.

Sales in nonstore retailers recorded the highest increase (1.9 percent), followed by sporting goods, books and music stores (1.2 percent), food services and drinking places (0.9 percent) and sales in health and personal care stores (0.7 percent). Retail sales in clothing stores and auto dealers advanced 0.5 percent each and those in food and beverages dealers went up 0.3 percent.

In contrast, sales in electronics and appliance stores shrank 1.6 percent and those in gasoline stations fell 1.5 percent. 

Core sales, which strip out automobiles, gasoline, building materials and food services rose 0.5 percent in October. Retail sales excluding automobiles increased 0.3 percent.

Year-on-year retail sales rose 4.1 percent. Total sales for the August through October 2014 period were up 4.5 percent from the same period a year ago.

US Retail Sales Rebound in October

US Commerce Department | Joana Taborda |
11/14/2014 1:58:45 PM