[11/14/14] Retail sales rebounded in October as tumbling gasoline prices left consumers with more discretionary cash.
Retail sales increased 0.3% last month, roughly in line with the 0.2% jump expected by economists surveyed by Action Economics. Excluding volatile auto purchases, sales rose 0.3%.
Retail sales fell 0.3% in September, sparking a stock sell-off in October.
Last month, a core measure of sales that excludes autos, gasoline, food services and building materials jumped 0.5%, a positive sign for the holiday shopping season.
Sales were brisk at clothing stores, rising 0.5% compared to September. Sales also increased solidly at furniture and health and personal care stores. Sales fell 1.6% at electronics and...
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