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United States Economy

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U.S. RETAIL SALES SURGED MEAGRE 0.3% IN OCTOBER

Published On 18 Nov 2020 06:39 PM


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Highlights

• The impact of the third wave of COVID-19 cases in the United States was immediately visible on consumer spending as the retail sales surged at the slowest pace in six months

• According to the report published by the Commerce Department, the value of total sales surged only 0.3 percent from the previous month

• This number is lower than estimated by several economists as they had foreca....


Tags : US retail sales, COVID-19, US economy, Federal Reserve, ,
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