Retail sales up solidly in October

Retail sales in October rose 0.4%, signaling steady consumer spending that supports economic growth.

A 1.6% increase in auto sales contributed significantly, along with gains in electronics, appliances, and dining.

While some sectors like furniture and clothing saw declines, sales at home and garden stores grew, likely due to storm-related rebuilding.

The overall retail growth reflects moderated price increases and strong consumer confidence, with predictions for a solid holiday shopping season, the Associated Press has reported.

read more: https://apnews.com/article/retailers-spending-consumers-inflation-stores-shoppers-economy-d9373d589c5af93504920c5894753444

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