U.S. retail sales rise modestly in October after surge in prior month

• November 15, 2017
• realestatelife
• Announcements, Business & Markets, Real Estate, Real Estate Finance

Retail sales slowed in October after a sharp gain in the prior month. Sales rose 0.2% in October, better than forecasts of a flat reading. Sales rose a revised 1.9% in September, up from the prior estimate of a 1.6% gain, boosted by post-hurricane spending. Excluding autos, sales rose 0.1% after a 1.2% gain in September. Economists were expecting a 0.2% gain. Sales excluding autos and gasoline climbed 0.3% after being up 0.6% in the prior month.