Retail Sales in US Rebound From Year's Biggest Drop

Retail Sales in US Rebound From Year's Biggest Drop

Nov. 16 (Bloomberg) -- October retail sales in the U.S.rebounded from the biggest drop of the year as demand for autosclimbed, easing concern households will curtail spending aftergovernment incentives ended.

The 1.4 percent increase followed a 2.3 percent drop inSeptember that was larger than the previously estimated 1.5percent decline, Commerce Department figures showed today inWashington. Purchases excluding autos rose less than forecast.

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