US retail sales match forecasts with 0.5% mom gain

US retail sales rose 0.5% mom in July to USD 726.3B, in line with expectations, suggesting consumer spending momentum remains intact. Excluding autos, sales rose 0.3% mom, also matching forecasts, while ex-gasoline sales climbed 0.5% mom. The narrower measure excluding both autos and gasoline advanced 0.2% mom. Over the May–July period, total sales were 3.9% […]

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