American shoppers boosted spending in July, providing a key source of fuel for the economy in the face of a deepening global slowdown
WASHINGTON—American shoppers gave the U.S. economy a solid boost in July, a counter to weakness in the manufacturing sector and Wall Street jitters about faltering growth.
Retail sales, a measure of purchases at stores, restaurants and online, climbed a seasonally adjusted 0.7% in July from a month earlier, the Commerce Department said Thursday.The retail industry is undergoing another major shift -- to e-commerce. How did we get here? Photo: Associated Press
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