U.S retail went beyond forecasts in October, based on the released data from the Commerce Department today.

We saw a climb in the seasonal adjusted retail sales by 1.3% for the month following an earlier decline in September and trespassed expectations of 1.0%.

The underling factor behind the raise was the gasoline stations, as the pump spendings edged to 4.1% MoM basis as a result of the increased costs of the fuel.

On the other hand, spendings on motor vehicles and parts grew by 1.3%, that mirrored an easing in the last supply chain restrictions.

Speaking of F&B sales they raised by 1.4%.

While core retail sales that exclude some elements that are prone to more volatility surged by 1.3% way beyond the forecasts of 0.4%.

Despite the high inflation and the peaked interest rate, October’s data refers to flexible consumer spending.