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WASHINGTON, Nov 14: A mixed batch of data on Friday suggested the US economy was slowing from its torrid third-quarter pace, but analysts said the recovery still appeared on track for solid fourth-quarter growth.
Retail sales dipped, wholesale prices soared, and industrial output inched higher in October, while consumer moods brightened in November, reports showed.
But much of the data was skewed by an easing in auto sales incentives — and sales and production were stronger and prices better contained when auto-related figures were excluded.—Reuters
