Retail sales rise a solid 0.5% in Jul. from Jun.
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23hon MSN
Retail spending rose 0.5% in July
Consumers are still buying things in the United States, a new report from the Census Bureau said Friday. Spending at U.S. retailers rose 0.5% in July.
Retail sales rose less than expected in July as consumers still showed signs of rebounding after a pullback in the spring.
China's industrial output grew 5.7% year-on-year in July, slowing from the 6.8% rise in June and missing forecasts, while retail sales also grew at a slower clip, official data showed on Friday.
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China's latest economic data indicates a slowdown, with key indicators missing forecasts. Industrial production rose by 5.7% in July, a decrease from the 6.8% gain in June and below the expected 5.9%.
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