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Here’s Why Consumer Spending Was Weaker Than Expected in July

May 31, 2023
in Trade Tube
Reading Time: 1 min read
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The consumer stayed home in July. Retail sales remained unchanged during the month, according the U.S. Census Bureau, while analysts had expected a 0.4 percent increase. In June, retail sales rose 0.8 percent. Core retail sales, which doesn’t include autos, gas and food, also showed no growth in July.

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