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Retail Sales Jump 1.1 Percent

Higher gas prices help.

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Frederic J. Brown / AFP-Getty Images

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.

Read it at the Census Bureau

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