US Retail Sales Rise 1.2% in July

Retail sales in the United States grew by 1.2% month-over-month in July, following 8.4% gain in June and below market expectations of 1.9% rise.

The biggest increase was seen in sales at at electronics & appliance stores, while sales of motor vehicle & parts dealers fell.

Retail sales excluding autos decreased to 1.9 % in July from 8.30 % in June and above analysts’ estimates of a 1.3 % gain.

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