In October, retail sales increased 0.4% over the previous month in nominal terms. The decrease contrasted the flat reading recorded in September (previously reported: -0.1% month-on-month) and was above market expectations of no change. Ten of the thirteen categories that make up the retail index expanded over the previous month, with electronics and appliance stores, as well as clothing stores, showing the strongest gains. Those stores’ improvements were partially offset by decreased sales at building material and supplies outlets and at gasoline stations.
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