Consumer spending bounces back in October after sharp September decline

Consumer spending bounced back in October after a sharp fall in September with the gains in the CNBC NRF retail monitor across most sectors adding up to a a good and a strong start for retail in the fourth quarter. Here's the data. The retail monitor powered by actual credit card spending data from Affinity Solutions shows retail XO and gas up 06 compared with a 0.7% decline in September.The year rate though did edge down of 5% from 5.4%. We take out restaurants as well to get core retail that rose 06 also ...