And we're getting more insight on the state of the consumer.
What can you tell us about retail sales? That's right. And
a retail sales in October fell from the month before and
a sign that summer spending is slowing heading into the holidays,
retail sales dipped 1/10 of a percent in October from September.
According to data from the Commerce Department,
it was the first drop since March and comes
after a 9/10 of a percent increase in September.
Well, from a year ago sales rose 2.5% below the pace of price gains.
Consumers spent less at stores,
dealerships and gas stations as gas prices
cooled in October from September's peak.