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US retail boost for Obama ahead of TV debate


US retail boost for Obama ahead of TV debate


The US economy is showing signs of recovery as retail sales rose reflecting stronger than expected economic growth in the third quarter.

Purchases increased by 1.1 percent as Americans took advantage of low-cost loans and new fuel-efficient models to invest in new automobiles – and with the surge in new vehicles sales of petrol were up.

Other areas also posted an increase such as electronics and the food and drinks trade. The figures suggest that consumer confidence is on the rise.

House prices are also climbing, an indication that home ownership is once again seen as an investment after years in the doldrums.

The data is good news for President Barack Obama ahead of the second presidential debate.

Obama needs to come out fighting after his Republican opponent Mitt Romney landed a few blows during the first head-to-head.

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