US: Retail Sales Rise More than Expected in July  

<p>Retail sales rose by 0.7% month-on-month (m/m) in July, up from the upwardly revised 0.3% (previously 0.2%) reading in June. This was notably above the median consensus forecast calling for a more muted gain of 0.4%. Trade in the auto sector was weaker, declining by -0.3% m/m, relative to a 0.7% m/m gain in June. […]</p>
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