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Retail Sales Rose 7.5% in June, But Virus Trends Cloud July’s Outlook

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U.S. retail sales up in June from pent-up demand and stimulus checks, but July report is expected to worsen as layoffs and infections rise.
A man passes a clothing shop with open signs in the window, Tuesday, June 30, 2020, in Calexico, Calif. Saddled with a surge in positive cases and hospitalizations for the new coronavirus, a farming region on California's border with Mexico is now forced to backpedal on reopening its battered economy. The Imperial County board of supervisors unveiled a plan late Monday that includes closing businesses deemed non-essential, except for curbside pickup, and shuttering county parks.
CREDIT: AP Photo/Gregory Bull

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U.S. retail sales for June rose 7.5 percent to $524.31 billion from May on a seasonally adjusted basis, while the April 2020 to May 2020 percent change was revised up from 17.7 percent to 18.2 percent. All good news for the early easing of restrictions as nonessential retailers began their reopening process to restart the…

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