WASHINGTON Quinten Rollins Packers Jersey , Nov. 14 (Xinhua) -- U.S. retail sales rose slightly in October, indicating the U.S. economy is on a stable track of recovery.
In October, U.S. retail sales edged up 0.3 percent from the previous month to 444.5 billion U.S. dollars, following a 0.3 percent decrease in September, the Commerce Department said Friday, beating market consensus of a 0.2-percent rise.
Excluding autos, retail sales were up 0.3 percent in October, the data showed. However, there was a 1.5 percent drop in receipts at gasoline retailers.
Retail sales account for about one-third of consumer spending, which in turn accounts for most economic activity. The better-than- expected retail sales showed a welcome sign as the holiday shopping season approaches.
The U.S. real gross domestic product (GDP) increased at an annual rate of 3.5 percent in the third quarter. Personal consumption, which accounts for about 70 percent of the U.S. economy, grew 1.8 percent, compared with an increase of 2.5 percent in the second quarter.
LONDON, Nov. 21 (Xinhua) -- British public sector net borrowing was 7.7 billion pounds (or 12 billion U.S. dollars) in October 2014, said Office for National Statistics (ONS) Friday.