U.S. Retail Sales Decline 0.2% In October

It's the second consecutive decrease for a closely watched indicator.

U.S. consumers spent less on furniture, building materials, gasoline and sporting goods in October than in September, and, as a result, retail sales overall slipped two-tenths of a percentage point, the U.S. Commerce Department reported on Nov. 14.

Seasonally adjusted, retail sales in October totaled $363.7 billion, compared with $364.5 billion in September.

Retail sales are a closely watched economic indicator since consumer spending accounts for about two-thirds of all U.S. economic activity.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.