12 December 2025 US Monitor Weak October retail sales likely to set the tone for Q4
10th Dec 2025 13:10USDaily Monitor
- We think retail sales dropped by a hefty 0.7% in October, dragged down by a big fall in auto sales.
- A raft of indicators suggest that consumers’ spending will grow at a negligible pace in Q4.
- The Thanksgiving week drop in continuing claims is a seasonal fluke; the trend remains upwards.
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