CNN: Retail sales grew less than expected in October, as economists worry about a ‘difficult winter’

CNN: Retail sales grew less than expected in October, as economists worry about a ‘difficult winter’. “US retail sales grew at a slower pace than economists had predicted last month — prompting worries about a ‘difficult winter’ with lower consumer spending before a recovery next year. Retail sales increased by 0.3% to $553.3 billion on a seasonally adjusted basis in October, the Census Bureau reported on Tuesday. That’s below expectations of a 0.5% increase, and it’s down from a revised 1.6% in September.”

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