US retail sales in July rose in line with expectations

Retail sales in the United States in July increased by 0.5% compared to June, the Census Bureau reported. The result matched analysts' expectations.

Data for June was revised up - retail sales rose 0.9% month-on-month (previously estimated to be up 0.6%).

The data shows that U.S. household spending remains resilient despite ongoing economic uncertainty, Barron's writes.

The news is being updated

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