Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
RTRS: Retail sales point to more spending zeal by U.S. consumers
 
Nov 14 (Reuters) - U.S. retailers reported strong sales in October, a sign American consumers were spending with more gusto and could help keep the economy growing at a brisk pace.

U.S. retail sales rose 0.5 percent last month when stripping out volatile elements like gasoline, autos, building materials and food services, according to the Commerce Department data released on Friday.

That was the biggest increase since August and just above analyst expectations of a 0.4 percent gain.

Revised data also showed this gauge of sales, which hews closely to overall consumer spending, was unchanged in September. Data released last month had shown a decline in this core measure in September.

Retail sales account for about one-third of consumer spending, and overall they rose 0.3 percent, held back by a 1.5 percent drop in receipts at gasoline retailers. Economists polled by Reuters had expected a 0.2 percent gain.

The drop in gasoline sales reflects falling oil prices that are generally positive for the U.S. economy because less spending on fuel will free up money to spend on other things.

Sales at clothing retailers increased 0.5 percent in October and receipts at sporting goods shops gained 1.2 percent.

Receipts at auto dealers and parts stores climbed 0.5 percent.
Source