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Economic Report: Retail sales climb 1.2% in July and return to precrisis levels, but growth slows as stimulus fades

14 Aug 2020

Sales at U.S. retailers rose modestly in July and returned to precrisis levels, but growth has tapered off since the economy reopened and could be even softer in the months ahead in the absence of another major federal-relief package. Retail sales rose 1.2% last month


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