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US retail sales up 0.3% in October, missing expectations

Published Tue, Nov 17, 2020 · 09:50 PM

Washington

US retail sales increased less than expected in October and could slow further, restrained by spiralling new Covid-19 infections and declining household income as millions of unemployed Americans lose government financial support.

Retail sales rose 0.3 per cent last month, the Commerce Department said on Tuesday.

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