US retail sales rise more than forecast

US retail sales rose more than projected in September, an indication that household spending is helping to bolster economic growth.

15th October, 2012
A drop in joblessness and firming home prices are leading to gains in confidence amongst US consumers.

US retail sales rose more than projected in September, an indication that household spending is helping to bolster economic growth.

The 1.1 per cent advance followed a revised 1.2 per cent increase in August that was the biggest since October 2010 and larger than previously reported, Commerce Department figures showed today in Washington.

A drop in joblessness and firming home prices are leading to gains in confidence. But rising energy costs and concern about looming tax changes at...

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