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Hurricanes boost October retail sales

November 16, 2018

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All eyes are on October retail sales as an important barometer of the holiday retail season, and things look good.

Stripping out sales like autos and gasoline took some of the wind out of the month’s numbers. Without those big-ticket and staple items (fuel sales notch gains largely on price spikes), general merchandise and e-commerce retailers in particular saw modest sales growth, noted Wells Fargo Senior Economist Tim Quinlan.

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