Consumer spending accelerated in October as shoppers kicked off the holiday shopping season earlier than usual due to the supply chain bottlenecks. Retail sales, a measure of spending at restaurants, stores and online, rose 1.7% last month, according to the Commerce Department. Analysts surveyed by Refinitiv were expecting a 1.4% increase. The reading was 16.3% above year-ago levels. September’s reading was revised up by 0.1 percentage points to 0.8%. “October retail sales growth was led by holiday-friendly categories such as nonstore retailers (e-commerce shops such as Amazon.com) and electronics stores,” said Ted Rossman, senior industry analyst at Bankrate. Read more at New York Post.