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CEO NA Magazine > News > Retail spending surges in July

Retail spending surges in July

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Retail spending surges in July
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Spending at U.S. retailers rose sharply in July, the Commerce Department reported Tuesday.

Retail sales were reportedly up .7% from June, while spending at restaurants and bars also increased 1.4% month-to-month.

The upward trend was bolstered by increased consumer demand and rising prices due to inflation.

This marks the fourth consecutive month that retail spending has increased in the United States.

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