From the FINANCIAL TIMES:
US consumers spent more on cars and petrol in July while steering away from discretionary items amid a sluggish economic recovery and an uncertain labour market.
Retail sales in the US rose for the first time in three months in July on the back of the revived car sector, while a rise in the cost of living eased fears of deflation…
Government figures showed on Friday that retail sales climbed by 0.4 per cent from June to July. That was a slightly smaller gain than economists expected and was driven by big increases at car dealerships and petrol stations…
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