US retail sales rise in August

| September 14, 2010 | 0 Comments

The Commerce Department has today announced a rise in US retail sales - the second consecutive monthly gain.

Retail sales grew by 0.4% in August to a five-month high - better than analysts had expected.

Sales were boosted by clothing and fuel. However, car sales fell 0.7% in the month after growing strongly over recent months.

The figures will ease doubts that the recovery in the world’s largest economy will falter in the second half of the year.

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