Retail Sales Gains Slow in October

U.S. retail sales slowed to a crawl, posting a below consensus increase and rising just 0.3% m/m in October as COVID-19 cases continue to surge nationally.

KPMG Senior Economist Ken Kim offers his thoughts on the report and what it means as the holiday shopping season begins.

To speak with Ken Kim please contact Matt Weiss.

Media contact

Matt Weiss

Matt Weiss

Industrial Manufacturing Corporate Communications Lead, KPMG US

+1 201-307-8138



Kenneth Kim

Kenneth Kim

Senior Economist, KPMG US

+1 212-954-6144

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