Amazon projects fourth quarter sales below estimates

(Adds dropped word between in paragraph 2) Oct 29 (Reuters) Amazon.com projected fourth-quarter revenue largely below Wall Street estimates on Thursday, raising concerns over ​muted retail demand over the crucial holiday ‌season as higher household costs amid rising inflation pressure consumer spending. The company expects revenue of between $240.0 billion and $247.0 billion in the fourth quarter, compared with analysts average estimate of $244.51 ‌billion, ​according to data compiled by ⁠LSEG. Revenue at Amazon Web ⁠Services rose 39% to $46 billion in the third quarter ended September, compared with analysts estimate for a 38.2% increase to $45.61 billion, according to ​data compiled by LSEG. AWS revenue recorded a 37% jump in the second quarter. The downbeat fourth-quarter ⁠outlook signals US retailers could ⁠face pain in the holiday season, ​as consumers tighten shopping budgets amid higher gas prices ​and the rising cost of living. Still, recent ‌industry forecasts predict ho