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U.S. Retail Sales Rise 1.2% in August, Beating Forecasts
The U.S. Census Bureau said retail sales rose 1.2% in August from the prior month to $773.9 billion, above the 0.8% gain economists surveyed by Bloomberg and Reuters expected. July's decline was revised to 0.5% from 0.6%.
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| Summary | Save A A A Produce is displayed at a market in the Mount Pleasant neighborhood of Washington, D.C. Reuters-Yonhap U.S. retail sales beat market expectations in August, rebounding from the previous month's weakness even as high fuel costs and inflation continued to weigh on households. Retail sales rose 1.2% from the prior month to $773.9 billion (about 1,058.7 trillion won), the U.S. Census Bureau said on the 16th, local time. That topped the 0.8% gain expected by economists surveyed by Bloomberg and Reuters. July's decline was revised slightly to 0.5% from 0.6%. Sales we…
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