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Consumer Cos Up Slightly Amid Mixed Economic, Earnings Data -- Consumer Roundup

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10/17/2019 | 04:45pm EST

Shares of retailers and other consumer-services companies rose slightly amid mixed economic data.

Housing starts fell 9.4% in September from the prior month to a seasonally adjusted annual rate of 1.256 million, the Commerce Department said.

French auto maker Renault cut its revenue and operating profit margin projection for the year, citing an unfavorable economic environment and "a regulatory context requiring ever-increasing costs."

Shares of tobacco company Philip Morris International rose after it posted earnings ahead of Wall Street targets.

Food processing giant Nestle said it would overhaul its struggling bottled-water arm, hoping to reinvigorate growth amid rising competition, high costs and growing concerns about single-use plastic.

Write to Rob Curran at rob.curran@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
NESTLÉ S.A. -0.23% 104.08 Delayed Quote.30.40%
NISSAN MOTOR CO., LTD. -0.12% 680.7 End-of-day quote.-20.49%
PHILIP MORRIS INTERNATIONAL -1.57% 83.46 Delayed Quote.27.01%
RENAULT 1.23% 44.06 Real-time Quote.-19.23%
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