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Economic Report: U.S. retail sales slump 1.1% due to shortage of cars and shift in consumer spending

Economic Report: U.S. retail sales slump 1.1% due to shortage of cars and shift in consumer spending

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The numbers: Americans cut spending at retail stores in July for the second time in three months, reflecting a shift toward services such as travel and entertainment and a limited selection of popular products such as new cars.

...read full article on Market Watch

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