Tuesday, November 27, 2018
US retail sales rebounded in October as purchases of autos and building materials surged, possibly driven by rebuilding efforts in areas devastated by Hurricane Florence, and on purchases of electronics and appliances. The Commerce Department said retail sales increased 0.8% last month. Data for September was revised down to show retail sales slipping 0.1% instead of nudging up 0.1% as previously reported. Excluding automobiles, gasoline, building materials and food services, retail sales increased 0.3% last month. Among retailers still reporting monthly sales, L Brands was up 4.0% and Costco was up 8.6%. See sales reports on Page 4.