Retail Sales Take Biggest Jump in Seven Months

Bruce Andrew Peters for TT

October U.S. retail sales jumped 1.2%, the biggest gain in seven months, the Commerce Department said Monday.

The fourth straight increase followed a revised 0.7% gain in September that was larger than the 0.6% originally reported.

The upturn topped economists’ forecasts of a 0.7% increase, Bloomberg reported.

Excluding automobiles, sales rose 0.4%, matching forecasts.



Nine of 13 categories showed increases, including a 5% gains at auto dealers, Bloomberg reported.

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

 

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