Gelonghui November 12th | Bank of America economists Aditya Bhave and Shruti Mishra wrote that credit card data for October show that retail sales in the United States may be weaker than generally expected. Credit card spending per household in October fell by 0.1% compared to the previous month, this weakness may be related to Hurricane Milton. Bank of America stated that the decrease in credit card activity indicates that the Census Bureau's October retail sales report will show a 0.4% decline in retail sales, excluding autos. Economists surveyed by The Wall Street Journal expect that the US October retail sales rate, to be released on Friday, will increase by 0.3%.