October retail sales increase
November 15, 2016,
Beating analysts’ expectations, U.S. retail sales increased 0.8% in October over the previous month and 4.3% over October 2015, according to a report released today from the U.S. Census Bureau.
This followed a 1.0% increase (revised from 0.6%) in September over the previous month—the highest back-to-back increase in more than two years. Home furnishings retail sales dipped 0.9% from September, but were up 1.7% over October 2015 numbers.
Total retail sales for the period of August-October 2016 increased 3.3% over the same period last year.
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