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U.S. Economy: Sales Rise More Than Forecast, Driving Growth

Retail sales rose more than projected in October as American shoppers gave the economy a boost at the start of the fourth quarter.

The 0.5 percent gain, helped by the biggest jump in electronics purchases in two years, followed a 1.1 percent increase for September, Commerce Department figures showed today in Washington. The median forecast of 81 economists surveyed by Bloomberg News called for a rise of 0.3 percent.