Retail sales increased 0.7% in July, better than expected as consumer spending is holding up

Retail sales increased 0.7% in July, better than expected as consumer spending is holding up

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Shoppers at Brickell City Centre in Miami, Florida, US, on Wednesday, June 14, 2023. Consumer spending held up well in July as inflation slowed, with retail sales turning in a stronger than expected showing for the month, the Commerce Department reported Tuesday. The advanced retail sales report…

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