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US retail sales rose 1.3% last month, a sign of resilience

Por: Orlando Sentinel Business November 16, 2022

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WASHINGTON — Americans stepped up their spending at retailers, restaurants and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates. The government said Wednesday that retail sales rose 1.3% in October from September, up from a flat reading in September from August. The increase was led by car sales and higher gas prices. Still, excluding autos and... + full article



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