spending still up

Retail sales rose by 13,6 percent in the year to September, showing persistent hardy spending despite interest rates.

Retail sales rose by 13,6 percent in the year to September, showing persistent hardy spending despite interest rates.

Analysts said the sales growth showed consumers were not curbing their spending, though September only included two of three 50 basis point increases in rates since June.

Consumer confidence rose 1 point to 18 in the fourth quarter, shows the First National Bank and Bureau of Economic Research consumer confidence index. - Reuters

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