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U.S. Economy: Retail Sales Increase by Most in Seven Months

Retail sales rose in September by the most in seven months, showing American consumers are helping the world’s largest economy fend off a slump.

Purchases grew 1.1 percent, exceeding the median forecast of economists surveyed by Bloomberg News, Commerce Department data showed today in Washington. Another report called into question whether gains in spending can be sustained as household confidence unexpectedly dropped this month.