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Retail Sales in U.S. Climbed in July by the Most in Four Months
Retail sales in the U.S. climbed in July by the most in four months, showing consumers are holding up even as employment slows. The 0.5 percent increase reported by the Commerce Department in Washington today matched the median forecast of 81 economists surveyed by Bloomberg News and followed a 0.3 percent increase in June that was larger than previously estimated. Excluding auto sales, purchases rose more than projected. More Americans drove away from auto dealerships in new cars last month as an easing of supply-chain constraints caused by Japan’s March disasters provided consumers with more variety and better ... (full story)
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