MARCH RETAIL SALES PLUMMET DURING CORONAVIRUS PANDEMIC
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OCTOBER RETAIL SALES REBOUND FROM SEPTEMBER SLUMP
Retail sales in October increased 0.2 percent seasonally adjusted over September and were up 4.2 percent unadjusted year-over-year.
Read MoreU.S. RETAIL SALES FALL FOR THE FIRST TIME IN SEVEN MONTHS
Last month’s drop and August’s unrevised gain in core retail sales suggested a much more significant slowdown in consumer spending in the third quarter than economists had been anticipating.
Read MoreAUGUST RETAIL SALES GREW BUT NEW TARIFFS PRESENT ‘DOWNSIDE RISKS’
These results come as new 15 percent tariffs on a wide range of consumer goods from China took effect September 1st and are scheduled to be expanded to additional goods on December 15th.
Read MoreCONSUMER SPENDING COULD SLOW DOWN DESPITE STRONG RETAIL SALES IN ...
Online and other non-store sales were up 19.3 percent year-over-year, while clothing and clothing accessory stores were down 1.6 percent.
Read More‘IMPRESSIVE’ JUNE RETAIL SALES BEAT FORECASTS
However, clothing and clothing accessory stores were down 1.6 percent year-over-year but up 0.5 percent month-over-month seasonally adjusted.
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