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%.

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Market Data

Cotton Prices Edge Up in October

Cotton prices rose by a little over two cents in October, from 65 to almost 68 cents per pound. The 7-market average U.S. spot price for upland cotton surged briefly during the month to almost 72 cents before dropping. Prices remain about 35% below year-ago levels.… Read More

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