Following three months of declines, nationwide retail sales jumped in July by the largest amount in five months. Consumers spent 0.8 percent more from June to July; every major retail category experienced a spike. The better-than-expected report triggered a glimmer of hope for the weak U.S. economy.
We're spending more on retail items like cars, clothes and appliances, but we're still weighing our purchases. The Commerce Department says retail sales increased 1.1 percent last month, the biggest gain since September.
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