Retail Sales Decline in October
Washington, DC, Nov. 14, 2012 -- Retail sales in the U.S. declined in October for the first time in four months, according to the Commerce Department.
The 0.3% drop followed a 1.3% increase in September that was larger than previously reported.
Economists expected a drop of 0.2%.
The report showed consumer were buying necessities such as food rather than on non-essentials such as furniture.