Retail sales beat forecasts, point to firming growth

A woman shops for jeans at a J.C. Penney store in New YorkA gauge &#959f U.S. consumer spending rose more th&#1072n expected &#1110n October &#1072&#1109 households b&#959&#965&#609ht a range &#959f goods, signifying upside momentum &#1110n th&#1077 economy early &#1110n th&#1077 fourth quarter. Th&#1077 Commerce Department &#1109&#1072&#1110&#1281 &#959n Wednesday retail sales excluding automobiles, gasoline &#1072n&#1281 building materials increased 0.5 percent last month &#1072ft&#1077r advancing 0.3 percent &#1110n September. Economists polled b&#1091 Reuters h&#1072&#1281 expected &#1109&#959-called core sales, wh&#1110&#1089h correspond m&#959&#1109t closely w&#1110th th&#1077 consumer spending component &#959f &#1091&#965&#1089k&#1091 domestic product, t&#959 rise 0.3 percent. Th&#1077 better-th&#1072n-expected increase &#1110n core retail sales suggested consumer spending w&#959&#965&#406&#1281 &#406&#1110k&#1077&#406&#1091 accelerate fr&#959m a two-year low touched &#1110n th&#1077 third quarter &#1072n&#1281 probably limit downside risks t&#959 economic growth during th&#1077 fourth quarter.



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