US retail sales rose solid 0.8 percent in July
WASHINGTON — Americans boosted their spending at retail businesses in July by the largest amount in five months, a surge that could help lift the economy out from its slump.
Retail sales rose 0.8 percent in July from June, the Commerce Department reported Tuesday. It was the largest increase since February and followed three months of declines, including a 0.7 percent drop in sales in June.
All major categories rose. Auto purchases increased 0.8 percent. Consumers also boosted their spending on furniture, electronics, building materials and sporting goods.
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