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Sunday, March 29, 2020
HomeNewsEconomyAdvanced Estimate for Retail Sales Beats Expectations in October

Advanced Estimate for Retail Sales Beats Expectations in October

A shopper passes a ''Sale'' sign at Quincy Market in downtown in Boston, Massachusetts, U.S. January 11, 2017. (Photo: Reuters)
A shopper passes a ''Sale'' sign at Quincy Market in downtown in Boston, Massachusetts, U.S. January 11, 2017. (Photo: Reuters)

A shopper passes a ”Sale” sign at Quincy Market in downtown in Boston, Massachusetts, U.S. January 11, 2017. (Photo: Reuters)

The U.S. Census Bureau said the advance estimates of retail sales and food services came in at a seasonally adjusted $486.6 billion, an increase of 0.2%. That’s a 4.6% (±0.7%) gain from October 2016.

Total sales for the August 2017 through October 2017 period were 4.3% (±0.5%) higher than the same period a year ago, while the period from August 2017 to September 2017 was revised from up from 1.6% (±0.5%) to 1.9% (±0.2%). Retail trade sales were up 0.2% (±0.5%)* from September 2017, and were up 4.7% (±0.7%) from last year.

Building Materials and Garden Equipment and Supplies Dealers were up 8.8% (±2.1%) from October 2016, while Gasoline Stations were up 7.5% (±1.4%) from last year.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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