CHA-CHING

Retail Sales Jump 1.1 Percent

Frederic J. Brown / AFP-Getty Images

A man pumps gas into his vehicle at a gas station in Monterey Park, Los Angeles County, on October 5, 2012 in California.

Who says expensive gasoline is a bad thing? Retail sales surged 1.1 percent in September from August, better than analysts’ expectations. Sure, higher gas prices accounted for a chunk of the gain. But the data suggest that jobs growth, rising home values, and higher consumer confidence is supporting more robust consumer spending.