US retail sales slow as Covid-19 pandemic, lack of fiscal stimulus weigh


By Lucia Mutikani WASHINGTON (Reuters) - U.S.

retail sales increased less than expected in October and could slow further, restrained by spiraling new COVID-19 infections and declining household income as millions of unemployed Americans lose government financial support. While other data on Tuesday showed production at factories accelerating in October, output remained well below its pre-pandemic level and the uncontrolled coronavirus outbreak could disrupt production. The public health crisis and frail economy are major challenges.....

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