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October retail sales rise more than forecast

from ABC News

Shoppers opened their purses more than expected in October as retail sales climbed 1.2 percent, the most in seven months. The rise in consumer purchasing showed the biggest gain since March, and followed an 0.7 percent rise in September, the U.S. Commerce Department said. Auto dealers led the way with a 5 percent gain, selling 12.2 million vehicles at a seasonally adjusted annual rate last month, and the best since August 2009. Americans are shopping again, which means the sputtering economic recovery is getting a much-needed jolt. more

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