BusinessFinancialMarket DataRetail

Retail Sales Recover in October, but Rising Inventories a Concern

Helped by a surge in business at apparel specialty stores, total U.S. retail sales grew 3.6% on a 12-month smoothed basis, more than September’s revised 3.4% increase, according to just-released data from the Department of Commerce. Strong demand for automobiles is still a big factor: taking car sales out of the mix, retail sales increased by only 2.7%.

Read More Read more