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Retail sales in the United States rose 0.6% in August, compared to 1.0% expected



From cnbc.com

U.S. consumer spending appeared to slow in August as extended unemployment benefits were cut for millions of Americans, offering further evidence that the economic recovery from the Covid-19 recession was faltering. Leading retail sales, which most closely match the consumer spending component of gross domestic product, fell by 0.1% last month after a revised downward 0.9% increase in July, the Department said Wednesday. of Commerce. This category, which excludes automobiles, gasoline, building materials, and restaurant services, was previously reported to rise 1

.4% in July. Economists interviewed by Reuters had done so


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