US: Retail Sales rose by 0.4% MoM in October
Source Fxstreet
- Retail Sales expanded more than estimated.
- Retail Sales Control Group contracted by 0.1% MoM.
The US Census Bureau reported that Retail Sales expanded by 0.4% in October vs. the previous month, surpassing expectations for a 0.3% gain and coming down from September’s 0.8% increase.
Additionally, the Retail Sales Control Group contracted at a monthly pace of 0.1%, from the previous 1.2% advance, and Retail Sales excluding Autos increased below consensus by 0.1% MoM.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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