CNBC/NRF Retail Monitor Sees Retail Sales Bounce Back Strong in October
The Retail Monitor calculation of core retail sales, excluding restaurants, auto dealers and gas stations, was up 0.8 percent m/m in October and up 4.6 percent year-over-year. That compared with a decrease of 0.3 percent m/m and an increase of 0.94 percent y/y in September.
October’s retail sales data could help show if the labor market concerns have shaken consumers’ will to spend.
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US October retail sales signal strong start to holiday shopping seasonUS retail sales during October 2024 increased thanks to a resilient economy and consumers moving past port strike concerns.
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Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Friday 0830 Retail Sales Oct +0.3% (21) +0.4% -- ex autos Oct +0.3% (19) +0.5% 0830 Import Prices Oct -0.1 ...
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On a "core" basis, which strips out food and energy prices, CPI is forecast to have risen 3.3% over last year in October, ...
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