US retail sales in October 2015 rose 0.1% compared with the previous month, when its growth was also 0.1%, according to Ministry of Commerce.
Analysts surveyed by Bloomberg expected a growth rate of 0.3%.
Meanwhile, October retail sales excluding autos, gasoline and building materials (so-called "control group") - an indicator used for the calculation of the US GDP, increased in October by 0.2%. Experts expected an increase of 0.4%. According to the revised data, the index of the previous month increased by 0.1%, whereas it was reported a decline by the same amount.
Retail sales excluding autos rose last month by 0.2% after falling 0.4% in September, while economists had forecasted the index to increase by 0.4%.
Americans show a cautious approach to expenditure on the eve of festive season, despite a record in 10 months of employment growth in the country and the opportunity to save on fuel. Analysts say that spending mood of citizens can pressure the expectation of a speedy increase in the credit cost by the Federal Reserve (Fed).
"Typically, the fall in gasoline prices doesn’t have an immediate impact on retail sales - said a senior economist at 4Cast Inc., David Sloan. - I think that sales in the coming holiday season will be good."
The highest rates of growth in retail sales in October recorded the building material manufacturers (0.9%) and furniture producers (0.4%). Car sales fell 0.5%, electronics decreased by 0.4%, gasoline in dollar terms - by 0.9%, food and beverage by 0.3%. Sales of clothing in the last month have not changed compared to September.
Producer prices in the US (the index PPI) in October 2015 decreased by 0.4% compared with the previous month, when these fell 0.5%.
Compared with October 2014, the price index dropped by 1.6%.
Analysts surveyed by Bloomberg, had expected the PPI to increase by 0.2% to September and to decline by 1.2% in annual terms.
Producer prices excluding food and energy in October fell 0.3% compared with the previous month and rose 0.1% in annual terms. Analysts expected an increase of the first indicator by 0.1%, the second - by 0.5%.