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September Retail Sales Show Unexpected Gains

September Retail Sales Show Unexpected GainsConsumers spent at a much faster pace than expected in September, with retail sales rising 1.9% in a sign that the U.S. economy’s biggest driver remains healthy.

Economists surveyed by Dow Jones expected sales to rise 0.7%, up from a 0.6% rise in August.

Excluding autos, the gain amounted to 1.5%, which also was better than the 0.4% estimate.

Read on CNBC

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