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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By
Frank Ahrens
|
November 16, 2009; 8:42 AM ET
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Posted by: riain | November 16, 2009 10:18 AM | Report abuse
If you count this and subtract that then what's left is the data of smoke and the mirrors.
Posted by: whocares666 | November 16, 2009 6:15 PM | Report abuse
Neocon sour grapes aside, have any of your nay-sayers stopped buying products, goods, or services? Didn't think so. Enjoying your broadband connection? Your 401k growth over the last 6 months?
I question the motives and loyalty of those who stubbornly align themselves against America's economic recovery.
Posted by: free-donny | November 16, 2009 9:29 PM | Report abuse
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i don't believe government reports anymore.
When I see overall improvements, then I'll believe.