Economics
U.S. Retail Sales Jump by Most Since March, Topping Forecasts
- Purchases rose 1.7% in October without adjustment for prices
- Receipts rose in nearly all categories, including electronics
Customers wait to check out at a Home Depot store in Pleasanton, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
U.S. retail sales rose in October for a third month, signaling households continue to spend even with the fastest inflation in decades.
The value of overall retail purchases increased 1.7% last month, the most in seven months, following an upwardly revised 0.8% advance in September, Commerce Department figures showed Tuesday. Excluding gas and motor vehicles, sales gained 1.4% in October. The figures aren’t adjusted for price changes.