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

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 Staff

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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