US Retail Sales Continued to Improve in July

Concerns remain, however, about a stalemate over a stimulus package and a regional spike in Covid-19 cases

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U.S. retail and food services sales continued to recover in July, increasing to $536 billion from about $529 billion in June. Sales were also up 2.7% over July 2019’s figure of nearly $522 billion, according to advance estimates released today by the U.S. Census Bureau.

Although sales improved, the number was muted compared to the month-over-month increases in both May and June of 18.2% and a revised 8.4%, respectively. Sales were at their lowest point in April,

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