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11/14/2012 9:00:00 AM Write a Letter to the Editor Write a letter to the Editor

October Retail Sales Decline


Bruce Andrew Peters for TT

Retail sales fell in October for the first time in four months, the Commerce Department said Wednesday.

The 0.3% decline followed a revised 1.3% gain in September that was higher than the originally reported 1.1% increase.

The October decline was about in line with economists’ median forecast of a 0.2% downturn, Bloomberg reported.

Eight of 13 major categories showed declines, including a 1.5% drop at automobile and parts dealers.

Almost all trucking operations depend on the health of retail sales because such sales involve nearly every type of cargo.

By Transport Topics

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