Core Viewpoint - In October, U.S. retail sales remained flat due to declines in auto dealership sales and weak gasoline sales, offsetting gains in other categories [1][5]. Group 1: Retail Sales Data - October retail sales were flat, with a revised increase of 0.1% in September [1][5]. - Excluding auto dealerships and gas stations, retail sales increased by 0.5% in October [1][5]. - The "control group" sales, which are included in GDP calculations, rose by 0.8%, marking the largest increase in four months [7]. Group 2: Consumer Behavior and Trends - Among 13 retail categories, 8 recorded growth, with significant increases in department stores and online retailers [7]. - Auto sales fell by 1.6%, partly due to the expiration of federal electric vehicle tax credits, while declining gasoline prices reduced gas station revenues [7]. - Consumer spending has accelerated in the early weeks of the holiday shopping season, driven by concerns over job prospects and high living costs, leading consumers to seek discounts [7]. Group 3: Economic Indicators - November employment growth remained sluggish, with the unemployment rate rising to 4.6%, the highest level since 2021 [3]. - Retail data indicated strong sales in electronics, appliances, furniture, and sporting goods, while restaurant and bar sales decreased by 0.4% [3][7]. - Economists expect personal spending on goods and services to slow in the fourth quarter following robust growth in the third quarter [8].

Group 1 - The establishment of Wuye Chuncu Tavern in Dongxiang District, Fuzhou, is registered with a capital of 200,000 RMB [1] - The legal representative of the tavern is Ji Shaopeng, indicating a new entry into the local food and beverage market [1] - The business scope includes catering services, bar services (excluding performance and entertainment activities), food sales, and alcoholic beverage operations, subject to necessary approvals [1] Group 2 - The tavern is permitted to sell pre-packaged food and health food, and to organize cultural and artistic exchange activities [1] - The business can also engage in personal business services and fitness and leisure activities, provided they comply with legal requirements [1]