US retail sales disappoint in October; unlikely to detract Fed in rate decision
Posted on November 13, 2015 at 3:04 pm GMTRetail sales in the United States rose by less than expected in October, posting a modest growth of just 0.1% month-on-month. Consensus estimates were for retail sales to grow by 0.3% m/m. Adding to the feeble data was a downward revision to the previous month’s figure, which was revised down to 0% from 0.1% m/m. On a 12-month basis, retail sales were 1.7% higher. The core retail sales measure, which excludes items such as building materials, motor vehicles and parts, [..]