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U.S. retail sales slump unexpectedly in July

Axios · Fortune · MarketWatch · 4 sources

U.S. retail sales fell 0.6% in July, marking the weakest performance in more than a year and pointing to a potential cooling in consumer demand.

  • Retail sales dropped 0.6% in July, missing analyst expectations.
  • Auto dealers' sales fell 2% and gasoline station sales dropped 0.9%.

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