Recent Retail Sales Hurt by Hurricane

November 14, 2012

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Retail sales fell in the United States in October for the first time in three months as superstorm Sandy slammed the brakes on automobile purchases, suggesting a loss of momentum in spending early in the fourth quarter.

Sales dipped 0.3 percent, the Commerce Department said on Wednesday, after an upwardly revised 1.3 percent increase in September that was previously reported as a 1.1 percent rise.

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Source: New York Times

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U.S. Department of Commerce

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