Subtitles section Play video Print subtitles 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. 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.
B2 retail growth slower month fell lapse U.S. retail sales slow as pandemic weighs 7 0 林宜悉 posted on 2020/11/20 More Share Save Report Video vocabulary