The volume of retail sales in the U.S. grew in October at 1.4% due to higher car sales.
Sales of cars increased in the reporting period to 7.4%. Retail sales excluding auto sales rose in October at 0.2%. Economists had expected growth of this indicator on 0,3%. Sales of durable goods excluding automobiles were quite weak. In turn, sales of consumer goods in general have shown growth.
Growth of retail sales exceeded 1%, which was expected by experts. However, the October increase was smoothed negative value for the previous month, which was revised in the direction of a significant reduction.
Sales of cars increased in the reporting period to 7.4%. Retail sales excluding auto sales rose in October at 0.2%. Economists had expected growth of this indicator on 0,3%. Sales of durable goods excluding automobiles were quite weak. In turn, sales of consumer goods in general have shown growth.
Growth of retail sales exceeded 1%, which was expected by experts. However, the October increase was smoothed negative value for the previous month, which was revised in the direction of a significant reduction.
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