U.S. October retail sales better than forecasts
Economists had forecast a rise of 0.6% over the month. Excluding automobiles sales were also 0.8% higher versus September (consensus: 0.5%).
Sales of motor vehicles increased by 1.1% and those of gasoline stations by 2.2%, while furniture and home furnishing stores put in the weakest performance with a drop of 0.9% agains the previous month.
September's rise in total sales was revised upwards, from a preliminary estimate of 0.6% to 1.0%. ■