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Retail sales stronger than expected–there’s hope yet of fending off a recession

Retail sales in July climbed 0.7% from June. Economists surveyed by had predicted a 0.3% climb. Retail sales excluding autos were up 1.0% month over month. Economists had projected a 03% gain.. Nonstore retail sales (that is the Internet) were up 2.8% after a 1.9% jump in June. Food services were among the strongest […]

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