US retail sales grew at their fastest pace in four months in July, helping to assuage fears that the economy is heading for a downturn.
American shoppers increased their spending by 0.7 per cent last month, up from a 0.3 per cent rise in June and higher than the 0.3 per cent forecast by analysts. It was the fifth consecutive month of rising sales.
US retail sales grew at their fastest pace in four months in July, helping to assuage fears that the economy is heading for a downturn.
American shoppers increased their spending by 0.7 per cent last month, up from a 0.3 per cent rise in June and higher than the 0.3 per cent forecast by analysts. It was the fifth consecutive month of rising sales.
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