Households boosted retail spending 1.2% in July, the third straight monthly increase despite a rise in coronavirus infections
U.S. households boosted retail spending 1.2% in July, sending sales above pre-pandemic levels in a sign the economy continues to heal from the recession despite a rise in virus infections.
Retail sales—covering spending at service stations, restaurants, stores, and online—rose for the third straight month, the Commerce Department reported Friday. Sales grew 8.4% in June after a double-digit percentage rise in May. Consumers boosted spending on electronics and appliances, health products and restaurant meals.
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