October retail sales are expected to be strong, showing economy is back on track


Pedestrians carry Macy’s shopping bags in San Francisco, California, U.S., on Thursday, Sept. 16, 2021.

David Paul Morris | Bloomberg | Getty Images

Economists predict a boom in October’s retail sales, aided by rising gasoline prices and early holiday shopping.

Retail sales are expected to rise 1.5%, up from September’s 0.7% gain, according to economists polled by Dow Jones. Excluding autos, sales are forecasted to rise 1%, compared to the 0.8% increase a month earlier, Dow Jones found.

The Census Bureau will release the retail sales report on Tuesday, Nov. 16 at 8:30 a.m. ET.

“There is an expectation of a strong number,” said Gargi Chaudhuri, head of iShares investment strategy Americas at…


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