Key measure of consumer activity down more than expected in October, as auto sales slump.
November 14, 2003: 8:32 AM EST
NEW YORK (CNN/Money) - Retail sales fell in the United States in October, the government said Friday, as consumer spending continued to cool down from a red-hot third quarter.
The Commerce Department said retail sales fell 0.3 percent after falling a revised 0.4 percent in September. Excluding a decline in volatile automobile sales, retail sales rose 0.2 percent after rising a revised 0.2 percent in September.
Economists, on average, expected sales to fall 0.2 percent and sales excluding autos to rise 0.2 percent, according to Briefing.com.
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