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Advance retail sales were flat for the month but up 8.2%year-over-year in September,slowing from August’s 9.4%year-over-year gain that <br />surprised to the upside.Retail sales growth is starting to reflect the headwinds from higher prices as consumers dip into savings and assume <br />more debt.The Conference Board’s Consumer Confidence Index declined in October to 102.5 after back-to-back monthly gains due to a sharp <br />decrease in the present situation and dismal expectations of the short-term outlook.Renewed rises in gas and food prices drove increases in <br />inflationary pressures, which will pose strong headwinds to consumer confidence and spending heading into the holiday season. <br />Source: US Department of Commerce Source: The Conference Board <br />0.0% <br />10.0% <br />20.0% <br />30.0% <br />40.0% <br />50.0% <br />60.0% <br />Retail Sales YOY % Change <br />YOY (%) Change80 <br />90 <br />100 <br />110 <br />120 <br />130 <br />140 <br />Index LevelConsumer Confidence <br />Consumer <br />6