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10/14/11

U.S. retail sales rise, consumer sentiment slips

Retail sales grew at the fastest pace in seven months in September as consumers shook off concerns about a weak stock market and political gridlock, giving a bit more momentum to the economic recovery.

Consumer sentiment, however, unexpectedly slipped in early October as worries about declining incomes drove a measure of expectations to the lowest level in more than 30 years.

For more: U.S. retail sales rise, consumer sentiment slips

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