US retail sales fall 0.6% in July, below expectations

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US retail sales fall 0.6% in July, below expectations
Photo: Chris Clark/AP/TT

It was an unexpectedly weak result. Analysts had expected an average increase of 0.1 percent, according to Bloomberg's compilation of forecasts.

When fuel and car sales are excluded from the statistics, retail sales fell 0.2 percent. Expectations were for an increase of 0.3 percent, according to Bloomberg.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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