US Consumers Took a Breather in October as Retail Sales Stalled
U.S. retail sales were unexpectedly flat in October, as consumers appeared reluctant to open their wallets ahead of the holiday season.
TL;DR
- U.S. retail sales were flat in October, showing zero percent change.
- This follows a downwardly revised 0.1 percent increase in September.
- Consumer reluctance to spend is noted ahead of the holiday season.
- Data was released by the Department of Commerce’s Census Bureau on December 16.