US: Retail sales increased 0.8% in October vs 0.5% expected

Eren Sengezer FXStreet

"Advance estimates of U.S. retail and food services sales for October 2018 were $511.5 billion, an increase of 0.8 percent from the previous month, and 4.6 percent above October 2017," the U.S. Census Bureau announced on Thursday.

Key takeaways from the press release

Total sales for the August 2018 through October 2018 period were up 5.0 percent from the same period a year ago.
Gasoline Stations were up 16.2 percent from October 2017, while Nonstore Retailers were also up 12.1 percent from last year.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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