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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 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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