Retail Sales Rise In July, Driven By Strong Auto Demand

According to a Dow Jones estimate cited by MarketWatch, retail sales growth in July was in line with analyst estimates.

U.S. retail sales rose 0.5% in July, driven by a strong surge in demand for automobiles, data from the Commerce Department showed on Friday.

According to a Dow Jones estimate cited by MarketWatch, the increase in retail sales in July was in line with analyst estimates. Retail sales performance for June was revised upward to 0.9% by the Commerce Department’s Census Bureau.

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