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U.S. retail sales surge in October after first back-to-back declines in five years

Thursday, 15 November 2018 20:42 WIB ECONOMIC Retail Sales Ekonomi AS Amerika Serikat Ritel AS

Sales at U.S. retailers surged in October after the first back-to-back declines in more than five years, though most of the money was spent on gas and new cars and trucks. Retail sales leaped 0.8% last month, the government said Thursday. Economists polled by MarketWatch had predicted a 0.6% increase. The increase follows small declines in September and August. The government initially said sales rose slightly in both of those months, but it revised the figures lower in its latest update. That could also result in the government trimming the initially estimated 3.5% growth in gross domestic product in the third quarter. Sales jumped 3.5% at gas stations, mostly reflecting higher prices...

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Global Economy

Europe

U.K. retailers made a faltering start to the fourth quarter as sales unexpectedly fell for a second month in October. The volume of goods sold in stores and online declined 0.5 percent from

United States

Sales at U.S. retailers surged in October after the first back-to-back declines in more than five years, though most of the money was spent on gas and new cars and trucks. Retail sales leaped 0.8%

Asia

Caixin PMI: China factory activity rose in October
Thursday, 1 November 2018 11:33 WIB
Activity in China's factories returned to expansion territory in October after stagnating in September, a private gauge showed, in contrast with official data that showed weaker expansion. The

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