( ) -q-24- UNDATED (Correspondent Jeremy House) “October-to-December quarter.” U.S. retail sales rose last month. [CutID: <Cuts> RETAIL-SALES-house-q-FRIam.mp3 Time: 24s Title: RETAIL-SALES-house-q-FRIam Out-cue: October-to-December quarter] TAG: Correspondent Jeremy House reporting. Since peaking at 9.1% more than two years ago, inflation has sunk to near-optimal levels. And Americans’ take-home pay, on average, has surpassed inflation for […]
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Retail sales up solidly in October
( ) -q-24- UNDATED (Correspondent Jeremy House) “October-to-December quarter.”
U.S. retail sales rose last month.
[CutID: <Cuts> RETAIL-SALES-house-q-FRIam.mp3
Time: 24s
Title: RETAIL-SALES-house-q-FRIam
Out-cue: October-to-December quarter]
TAG: Correspondent Jeremy House reporting. Since peaking at 9.1% more than two years ago, inflation has sunk to near-optimal levels. And Americans’ take-home pay, on average, has surpassed inflation for about 18 months.
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VERBATIM: Retail purchases increased by 0.4% from September to October, a solid increase, although less than the previous month’s robust 0.8% gain. Auto dealers, restaurants and electronics stores all reported higher sales. Last month’s rise in retail purchases suggests that the economy is growing briskly again in the current October-to-December quarter.