The United States Department of Commerce and the National Retail Federation (NRF) both reported that October retail sales turned in a solid performance.
Commerce reported that October retail sales saw a 0.8 percent increase over September at $465.9 billion and a 4.3 percent annual gain. Total sales for the August 2016 to October 2016 period were up 3.3 percent compared to the same period a year ago. Retail trade sales saw a 4.3 percent annual gain and were up 1.0 percent from September to October. And nonstore retailers were up 12.9 percent annually.
