Real retail sales are showing consistent recovery as the economy nudges back towards job growth. After all, jobs are everything to an economy.
As reported by the Federal Reserve Bank of St Louis, real retail sales and food service (adjusted for inflation), once again improved in October. A major issue impeding recovery has been the reluctance of consumers that had money to spend that money, i.e. a lack of consumer confidence.
Good news is that retail sales once again are back on an upward track gaining 1 percent sequentially from September and up a whopping 6.1 percent when compared to October 2009.
Several series of retail sales are available at the Federal Reserve Bank of St Louis: