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Retail sales in US increase by most in seven months

from Bloomberg Businessweek

Retail sales in the U.S. climbed in October by the most in seven months, a sign consumers may play a bigger role in the recovery. Purchases rose 1.2 percent, exceeding the highest forecast among economists surveyed by Bloomberg News, after a 0.7 percent September increase that was larger than previously estimated, Commerce Department figures showed today in Washington. The median estimate of 74 economists projected a 0.7 percent advance. more

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