Recent signs of vitality have prompted some economists to mark up growth forecasts, despite weakness in manufacturing and a hiring slowdown early in the summer.
This optimism is fuelled by expectations of a good agricultural crop and strong consumer demand. Another retailer of electronic items Sanjay Magu said, "Sales in Oct thus far have been lower ...
Americans stepped up their purchases at retailers last month as low unemployment, steady pay gains and rising stock and home values helped sustain their willingness to spend despite higher prices ...