US retail spending still rises in October, with signs of consumer strain
FROM THE WIRE · CNBC.COM
Total retail spending on a seasonally adjusted basis came in at $561.7 billion in October, a 0.2% increase from a month prior and 3.6% year over year. A core gauge of spending rose 0.3% on the month and 3.4% on the year to $454.2 billion.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralRoutine consumer spending data that shapes growth and inflation expectations.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Total seasonally adjusted retail sales reached $561.7 billion in October.
- 02The figure rose 0.2% month over month and 3.6% year over year.
- 03The core gauge rose 0.3% on the month to $454.2 billion.