qr-play-store play store

Retailers up in October thanks to vehicle sales

16 Nov 2017
No comments
555 views
Retailers up in October thanks to vehicle sales

U.S. retail sales unexpectedly rose in October as an increase in purchases of motor vehicles and a range of other goods offset a decline in demand for building materials, suggesting consumer spending remained fairly strong early in the fourth quarter. Retail sales increased 0.2 percent last month. Data for September was revised to show sales jumping 1.9 percent rather than the previously reported 1.6 percent advance. Retail sales increased 4.6 percent on an annual basis.

 

 

Economists forecast that retail sales would be unchanged in November. The slowdown from September's robust pace largely reflected an unwinding of the boost to building materials and gasoline prices after recent hurricanes. Receipts at car dealerships increased 0.7 percent after soaring 4.6 percent in September. Sales at gardening and building material stores fell 1.2 percent last month after surging 3.0 percent in September. Receipts at service stations decreased 1.2 percent in October. That followed a 6.4 percent gain in September.

 

 

Excluding automobiles, gasoline, building materials and food services, retail sales increased 0.3 percent last month after climbing 0.5 percent in September. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased at a 2.4 percent annualized rate in the third quarter. Last month, sales at electronics and appliance stores rose 0.7 percent. Receipts at clothing stores climbed 0.8 percent in October, the biggest advance since March. Sales at online retailers fell 0.3 percent. Receipts at restaurants and bars gained 0.8 percent after edging up 0.1 percent in September. Sales at sporting goods and hobby stores soared 1.5 percent.

0 0
Comments:
No comments found
Leave a comment
  • Jaw-dropping deals this Spring at RepoKar
    27 Feb 2017

    Spring is right around the corner! With melting snow comes rising car sales. Longer days and brighter sunlight mean it’s the season to think about the best used cars for spring; vehicles that allow you to appreciate blue skies, while getting a head start to summer. The sooner you decide on your dream car, the greater the possibility of finding the best deals.  At RepoKar, we want to be sure that you've got everything you need to start the season fresh with a smile on your face. That’s why we’ve prepared amazing, hassle free used cars, trucks, and SUVs for our fr...

    0 2
    128
    1047102 views
  • General Motors to lay off 1,100 workers
    06 Mar 2017

    General Motors promised us other things but that’s how it all turned to be, even if it said it will invest $1 billion in U.S. factories now it announced to temporarily cut off 1,100 workers in May as its Lansing Delta Township assembly plant in Michigan shifts production to Tennessee. Last year it added 800 jobs at its spring hill, Tennessee plant to build the new version of GMC Acadia SUV.  The Lansing plant will continue building the Buick Enclave and Chevrolet Traverse after it retools for a month. GM also has announced other U.S. factory cuts. U.S. President Donald Trump ha...

    0 0
    19
    106429 views
  • Possible Perspective of Chinese Leadership in EV Industry.
    18 Feb 2019

    As you read this article, Chinese investments in the Electric Vehicle industry continue to soar to new heights. China has been the world’s largest EV market for many years, and it has not shown any signs of slowing down. Why is the EV industry booming in China? Repokar is here to give you a clearer picture in regards to this automotive market trend. It's no secret that China is one of the countries with the most polluted air. The Chinese government understands the problem their country is facing, and they are making efforts to improve air quality and reduce the fatality rates. As oi...

    0 1
  • Impress Your Darling Together With Repokar On the Upcoming Valentine's Day!
    07 Feb 2019

    Valentine’s Day is fast approaching, and that means we all want to show our better half how much we love them. Buying your significant other a unique gift is always a romantic gesture. It shows love, affection, effort, and appreciation. Rings, necklaces, and other luxurious trinkets are timeless gifts, but Valentine’s Day is a time for surprises. Give your partner a gift so unexpected that they’ll cherish it for a long time. Keep the love alive and surprise your sweetheart with the gift of car! Go on date nights, road trips, or cruise along the coast in a brand, new car....

    0 1
Search on the blog
Find us on

Last added auctions

2012 Ford ESCAPE
5362 views
19 photos
3,400.00
No bids
2012 Nissan MURANO
5974 views
13 photos
3,500.00
No bids
2000 Honda CR-V
5906 views
12 photos
1,200.00
No bids
2012 Mazda MAZDA3
5331 views
16 photos
2,500.00
No bids