U.S. Retail Sales Increased 1.4% in October

U.S. retail sales increased 1.4% in October, above the 0.9% rise projected by Wall Street. The jump came on rebounding demand for cars, a sign the economy kept recovering despite climbing unemployment. Aside from automobiles in October, other sales rose just 0.2%.

The Commerce Department said September sales were revised down to a 2.3% decrease from a previously estimated 1.5% tumble.

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