U.S. Core Retail Sales Rise in October Amid High Gasoline Prices
U.S. retail sales recorded their 13th consecutive month of growth during October, according to data from the CNBC/NRF Retail Monitor. This upward trend persisted despite the economic pressure exerted by elevated gasoline prices on consumer spending power. The report highlights a resilient consumer base that continues to drive retail activity even as energy costs fluctuate. The steady monthly gains suggest sustained demand across various sectors, providing a positive signal for broader economic health and consumer confidence.
Topics: consumer spending gas prices inflation retail sales
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Part of the story U.S. Retail Spending Growth Slows to Lowest Pace in Nearly a Year (2 articles)