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Retail sales fall in September

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Retail sales fall in September

“Core” retail sales miss expectations badly.

Retail sales fell 0.3% last month, according to data released by the Commerce Department today, following a 0.6% increase in August.

Analysts had expected a decrease of 0.1%

Sales excluding autos, gasoline, building materials and food services, so-called “core sales,” fell 0.2% in September, after a 0.4% increase in August.

The disappointing results for September are tempered somewhat by the unexpectedly strong performance in August. Year-on-year, retail sales have risen 4.3% since September 2013.

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