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.