USA Today: Retail sales susrged in October

From USA Today

Retail sales susrged in October

Retail sales rose sharply in October and a core reading rebounded strongly after several sluggish months, raising hopes that consumer spending will support solid economic growth in the current quarter.Sales rose 0.8%%, above the 0.6% economists expected. Excluding autos, gasoline, food services and building materials — which are all considered volatile — sales jumped 0.8%, well below the 0.4% economists had forecast.Shoppers generally have spent more freely this year amid solid job and wage growth, cheap gasoline and reduced debt. But core sales lost steam in recent months, with some economists citing uncertainty tied to the US presidential election.


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