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    13.11.2015 13:46 U.S. retail sales increase 0.1% in October

    The U.S. Commerce Department released the retail sales data on Friday. The U.S. retail sales climbed 0.1% in October, missing expectations for a 0.3% increase, after a flat reading in September. September's figure was revised down from a 0.1% rise.

     

    The lower increase was mainly driven by a fall in automobiles purchases. Sales at auto dealerships declined 0.5% in October.

     

    Retail sales excluding automobiles increased 0.2% in October, missing forecasts of a 0.4% gain, after a 0.3% fall in September. September's figure was revised up from a 0.4% decrease.

     

    Sales at building material and garden equipment stores climbed 0.9% in October, while sales at furniture stores increased 0.4%.

     

    Sales at clothing retailers were flat in October, while sales at service stations dropped 0.9%.

     

    These figures could mean that the Fed will not start raising its interest rate in December.


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