US Retail Sales Grow at Slowest Pace in a Year
Data shows American consumers face financial pressure from persistent inflation and high prices.
Retail sales in the United States grew by only 0.2% in October. This marks the slowest monthly growth rate observed since November 2025.
Total retail spending reached 561.7 billion dollars during the period. The result reflects a more cautious stance from families facing the impact of high prices on their household budgets.
The electronics and appliance sector led the annual rise with a 9.3% increase. This movement occurs in a landscape of higher costs for memory chips driven by the demand for artificial intelligence.
Conversely, the furniture and home furnishings segment saw a 0.2% decline in October. This negative performance reflects a cooling housing market caused by rising mortgage rates.
Household consumption supports the majority of American economic activity. The data monitor used information from approximately 120 million credit and debit cards to compile the survey.
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