Name: U.S. retail sales slow as pandemic weighs
Uploaded: 2020-11-20T18:37:39.000Z
Duration: 1 min 24 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Americans kept spending in October, but at a slower pace than previous months.

The Commerce Department reported Tuesday that retail sales rose 0.3% last month.

Relative clauses (Restrictive vs. nonrestrictive)

That's much smaller than the increase in September, which was downwardly revised unless than what economists had expected.

Sales of apparel and sporting goods fell more than 4%.

Even grocery sales slumped, as did restaurant receipts.

But Amazon's prime day shopping extravaganza helped drive sales at online merchants up 3% restraining overall sales growth last month.

The resurgence in new co vid 19 infections and declining household income AH, federal weekly unemployment supplement has lapsed.

Million's of freelancers and gig workers will soon lose government funded benefits next month, and another government benefits program will lapse at the end of December.

Amid those concerns, consumer sentiment unexpectedly fell in early November for the rest of the year.

 Economists expect moderate growth in retail sales that will contribute to slower economic growth following the sharp historic rebound in the third quarter. 

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U.S. retail sales slow as pandemic weighs

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