Network News

X My Profile
View More Activity
2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

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
Sign up to get The Ticker on Twitter

By Frank Ahrens  |  November 16, 2009; 8:42 AM ET
Categories:  The Ticker  | Tags: retail sales  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati   Google Buzz   Previous: Head of financial collapse commission vows to get answers
Next: Stocks rally at open following retail sales news


i don't believe government reports anymore.

When I see overall improvements, then I'll believe.

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

The comments to this entry are closed.

RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company