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Consumer Sentiment remained steady at 89.8 in September according to the University of Michigan. Meanwhile, the Conference Board Consumer Confidence Index® increased in September to a new post-recession high at 104.1 (1985=100).
Consumer spending slowed over the summer. Sales at retail stores and restaurants inched up 0.1% in July and dropped 0.3% in August. Department store sales fell 0.6% last month and sales at general merchandise stores were flat.
Source : Deutsche Asset & Wealth Management
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