Business

Retail Sales Growth Rebounded 1.2% in August, Beating Expectations

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Sales growth at U.S. retailers rose in August, rebounding from its decrease in July, the Commerce Department said.

Retailers’ sales rose by 1.2% last month to $773.9 billion, versus the 0.5% decrease recorded in July. The August reading was higher than the 0.8% increase economists polled by The Wall Street Journal expected.

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