Retail sales down in October report - Business - The Olympian ...

Retail sales dropped in October for the first time in three months as Superstorm Sandy took its toll on auto sales, the Commerce Department said Wednesday.

Retail and food-service sales were down 0.3 percent last month, compared with September.

Analysts had expected Sandy, which paralyzed much of the Mid-Atlantic and Northeast, to cause a drop in spending by consumers.

But October?s decline was more than the 0.2 percent expected, suggesting that consumer spending slowed for other reasons than the storm.

Source: http://www.theolympian.com/2012/11/15/2320279/retail-sales-down-in-october-report.html

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