GMAT Sentence Correction (SC) | Re: Retail sales rose 8/10 of 1 percent in August, intensifying

Is my interpretation of options of options c,d and e correct?

intensifying expectations of personal spending in the July-September quarter

doesn't this mean that expectation is actually from personal spending??

because i used this logic to eliminate answers c,d and e

Can someone please let me know if i am right?

thanks,
Aamir.

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