Retail sales rose less than expected in October as US car sales fell, raising concerns that consumer spending could grow in Q4.
According to the Ministry of Trade, retail sales increased by 0.1% in October, after a change in September, and by 1.7% compared to October 2014.
Economists forecast 0.3% growth for October.
There is a surprising decline of 0.5% in sales in car dealerships after a 1.4% increase in September.
Strong car sales have been at the heart of overall retail sales growth over the past two years.
The amount that American buyers spend online continues to grow, with online sales being 7.1% higher than in October 2014.
However, sales during Christmas will be the real test of consumer confidence.
Fears about the level of consumer spending prompted the department store chain Macy’s to reduce its forecast for 2015 by 10% on November 11.
The audit sent shares of Macy up 20% this week.
Rival department store operator Nordstrom also cut its full-year forecast for November 12, leading to a similar drop in its shares.