Retail sales in the U.S. rose more than forecast in October, a strong sign for consumer spending and the economy.  The 0.4 percent increase was the most in three months and followed no change in September.  The median forecast of 86 economists surveyed by Bloomberg called for a 0.1 percent October advance.  Like I mentioned last week I think we’ll be seeing strong performance in retail stocks coming up, especially in higher end retailers.

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1Pingbacks & Trackbacks on Quick News: Retail Sales Beat Forecasts

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