February 25, 2024

The Catholic Transcript

Complete News World

Retail sales are expected to accelerate and rise in October, ahead of Investing.com’s forecasts

© Reuters.

By Leandro Mansoni

Investing.com – According to figures released on Tuesday (16), the United States rose 1.7% in October compared to the previous month. The results came above the 1.2% forecast and data for September, up 0.8% from the revised numbers. On an annual basis, the advance was 16.31%, up from 14.26% in September.

The market was up 1.7%, above the 1% estimate and up 0.7% for September. Acceleration associated with 0.5% growth in the previous month, despite a 1.4% rise in prices.

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