U.S. Retail Sales Rebound in October, But a Small Group of Stores Reap Most of the Gains
Friday, 15 November 2019 21:05 WIB |
ECONOMY |Ekonomi AS
Sales at gas stations, car dealers and internet stores such as Amazon rose in October, but most other retailers posted weak results just before the start of the critical holiday shopping season.
Retail sales increased 0.3% last month, the government said Friday, matching the forecast of economists polled by MarketWatch.
The increase in sales was concentrated in just a few segments, however. If autos and gasoline are excluded, sales rose a scant 0.1%, with almost all of that gain coming from internet retailers.
Source : Market Watch
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