Retail Sales Down Slightly in October Ahead of Holidays

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And we're getting more insight on the state of the consumer. What can you tell us about retail sales? That's right. And a retail sales in October fell from the month before and a sign that summer spending is slowing heading into the holidays, retail sales dipped 1/10 of a percent in October from September. According to data from the Commerce Department, it was the first drop since March and comes after a 9/10 of a percent increase in September. Well, from a year ago sales rose 2.5% below the pace of price gains. Consumers spent less at stores, dealerships and gas stations as gas prices cooled in October from September's peak.