US Retail Sales Rise 1.4% in October

New car sales helped push US retail sales to a gain of 1.4 percent in October, beating handily the expected 0.8 percent increase. However, when auto sales are removed from the calculation, retail sales only rose 0.2 percent suggesting that overall, consumer spending is still far below historical levels and leaving some analysts to question the likelihood of the recovery to maintain momentum.

Associated Press

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