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U.S. Retail Market Snapshot - Q3 2016

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U.S. Retail Market Snapshot - Q3 2016

Consumer Confidence declined in October after two consecutive months of increases according to the Confidence Board1. The index retreated from the 103.5 reading in September to 98.6 in October. At the same time, the University of Michigan final index of sentiment fell to 87.2 in October from 91.2 in September. This reading is the lowest level recorded since October 2015.

US personal income growth in September grew 3.2% year-overyear. Income gains are being driven by a tightening labor market, modestly rising wages, and a 0.3% increase in "other income".

Source : Deutsche Asset & Wealth Management

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