Core Report | November 18, 2022

After a flat reading in September, retail sales increased at its highest rate since March in October. October sales came in at a $694.5 billion rate, up 1.3% from September and up 8.3% from a $641.5 billion rate in October 2021. This is a new all-time high for adjusted monthly retail sales. The largest increases in sales compared to September, came from gasoline stations, bars and restaurants, building material stores, and online retailers.