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17th Oct 2016 04:44U.S., Economic Monitor

In the wake of the September retail sales report, we can be pretty sure that real consumers' spending rose at a 2¾% annualized rate in the third quarter, slowing from the unsustainable 4.3% jump. That would mean consumption contributed 1.9 percentage points to headline GDP growth.

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Keywords for: 17 October. 2016 Retail Sales are Noisy, but the Trend in Consumption Looks Solid

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