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Higher U.S. retail spending lifts hopes for economy
U.S. retail sales rose 0.8 percent from June to July, the sharpest gain since February, signaling improving consumer spending across major categories. Job growth, higher exports, and rising home values reinforce optimism for an economy emerging from a slump. Analyst Jennifer Lee cites lower gas prices, stock rally, and stronger job growth.
MENTIONED IN THIS ARTICLE
Washington, D.C
Commerce Department
Home Depot
U.S
Jennifer Lee
BMO Capital Markets