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U.S. retail sales rose slightly in September, adding to months of big gains

From bnnbloomberg.ca

Sales at U.S. retailers and restaurants increased modestly in September as resilient consumers moderated their spending after splurging over the summer. Sales rose 0.2 per cent in September from the previous month, the Commerce Department said Tuesday, in a report delayed more than a month because of the government shutdown. Sales jumped 0.6 per cent in July and August and 1 per cent in June. Numerous reports on inflation, employment, spending, and growth remain delayed and the government won’t likely be caught up until late December. The retail sales figures, which aren’t adjusted for inflation, suggest that ... (full story)

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  • Category: Fundamental Analysis