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US Retail Sales Show Consumer Spending ‘Still on the Uptick’

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U.S retail sales rose 0.4 percent in June, better than the expected 0.1 percent gain, and representing continued growth over a revised 0.4 percent gain in May. Mickey Chadha, vice president at credit ratings agency Moody’s Investors Service, said the better than expected increase “demonstrates that consumer spending is still on the uptick and the…

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