Retail Sales In U.S. Increased More Than Forecast In July
From bloomberg.com
Retail sales in the U.S. rose more than forecast in July as consumer spending rebounded at department stores, auto dealers and electronics outlets, easing some concern the biggest part of the economy was foundering. The 0.8 percent advance, the first gain in four months, followed a 0.7 percent decrease in June that was weaker than first reported, Commerce Department figures showed today in Washington. Economists projected a 0.3 percent rise, according to the median forecast in a Bloomberg survey. Sales excluding automobiles also climbed 0.8 percent. Improved sales at merchants such as Gap Inc. and TJX Cos. indicate ...
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