October 2011 Retail Sales Up For Fifth Straight Month

Posted on November 15th, 2011 in News and Commentary

October 2011 Retail Sales Up For Fifth Straight Month

From the HUFF POST:

Americans spent more on autos, electronics and building supplies in October. The fifth straight monthly gain in retail sales suggests the economy maintained solid growth at the start of the fourth quarter.

Retail sales increased 0.5 percent, the Commerce Department said Tuesday. Healthy auto sales helped. But even without them, sales rose 0.6 percent – the best showing since March.

And when excluding autos and sales at gasoline stations, sales rose 0.7 percent, also the biggest increase since March…

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