Retail Sales rose by 0.4% MoM in October

• Retail Sales expanded more than estimated.
• Retail Sales Control Group contracted by 0.1% MoM.

The US Census Bureau reported that Retail Sales expanded by 0.4% in October vs. the previous month, surpassing expectations for a 0.3% gain and coming down from September’s 0.8% increase.

Additionally, the Retail Sales Control Group contracted at a monthly pace of 0.1%, from the previous 1.2% advance, and Retail Sales excluding Autos increased below consensus by 0.1% MoM.