Oct. retail sales up 1.4 percent
October retail sales jumped a higher-than-expected 1.4 percent, according to data released moments ago by the government.
If you take out auto sales -- October turned out to be a good month for selling cars -- retail sales were up only 0.2 percent, about half what was expected.
Taking out autos and gasoline, retail sales were up 0.3 percent.
Overall retail sales are now up five of the past six months if you take out autos.
Overall September retail sales were down 2.3 percent. This is a function of a drop-off in vehicle sales after the government-subsidized Cash for Clunkers program ended.
-- Frank Ahrens
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November 16, 2009; 8:42 AM ET
Categories: The Ticker | Tags: retail sales
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