In a hopeful sign for holiday sales, Americans spent briskly on cars and clothing in October, shrugging off the plunging stock market at home and economic turmoil overseas.
Retail sales, which account for roughly a third of the nation's economic activity, rose 1 percent to a seasonally adjusted $227 billion last month, the Commerce Department said Friday. It was the biggest increase in five months.
|Making the Most|
Of the Holi-daze
It could be a sign that Christmas sales, which account for half of some stores' annual receipts, might not be as weak as some analysts feared.
Written by Dave Skidmore