FX.co ★ U.S. Retail Sales Growth Cools in October, Hinting at Softer Consumer Momentum

U.S. retail sales growth eased in October 2025, with the year-over-year rate slowing to 3.47%, down from 4.26% in September, according to data updated on 16 December 2025. The figures compare each month’s performance with the same month a year earlier, highlighting a moderation in consumer spending as the year progresses.

The October reading suggests that while American consumers continue to spend more than a year ago, the pace of that growth is losing steam compared to September. The deceleration in retail sales growth could be an early signal of softer demand heading into the final quarter, a period typically watched closely by markets due to its importance for retailers’ annual performance.