October Retail Sales Jump

November 14, 2011  by in UnCategorized   

By Aggregated Content in economic news on November 15, 2011 from http://c.moreover.com/click/here.pl?z5473787784&z=1250249032

U.S. retail sales rose more than expected in October as strong receipts from motor vehicle and building material dealers offset the drag from service stations, suggesting the economy started the fourth quarter with some vigor.

A separate measure showed that producer prices were flat to a bit negative for the month as well.

Total retail sales increased 0.5 percent, the Commerce Department said today, after rising by an unrevised 1.1 percent in September. Economists polled by Reuters had forecast retail sales climbing 0.3 percent last month. In the 12 months to October, retail sales were up 7.2 percent.

Read Full Article...