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LATEST US DATA

November core retail sales up more than expected

Cheaper petrol, good jobs market giving the holiday shopping season a boost
Friday, December 12, 2014 - 05:50

Washington

US CONSUMER spending advanced at a brisk clip in November as lower petrol prices gave the holiday shopping season a boost, offering the latest sign of underlying momentum in the economy.

The Commerce Department said on Thursday that retail sales excluding automobiles,