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Saturday, July 13, 2024
HomeNewsEconomyAdvance Estimate for U.S. Retail Sales in October Beat Forecast

Advance Estimate for U.S. Retail Sales in October Beat Forecast

Group of friends sitting outdoors with shopping bags; several people holding smartphones and tablets. (Photo: AdobeStock/ OneInchPunch/PPD)

The U.S. Census Bureau reported U.S. retail sales for October came in at $526.5 billion, a 0.3% (±0.4%) monthly gain. Retail and food service sales are now 3.1% (±0.7%) year-over-year.

Total U.S. retail sales for the August through October were up 3.8% (±0.5%) from the same period a year ago. The month of September was unrevised at down 0.3% (±0.2%).

Retail trade sales also gained 0.3% (±0.4%) from September to October and 2.9% (±0.7%) from last year.

Nonstore retailers were up 14.3% (±1.4%) from October 2018, while gasoline stations were down 5.0% (±1.2%) from last year.

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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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