U.S. retail sales in July grew 0.5 percent

Commerce Department 12, the latest data showed U.S. retail sales in July grew 0.5 percent, the highest in four months, slightly dilute the economic outlook concerns.

According to the Commerce Department information, retail sales grew 0.5 percent last month, is its best since March; June from the previously reported increase of 0.1% was revised to 0.3%.Retail sales are an important indicator of consumer spending, consumer spending is the main driver of the U.S. economy.

CONTINUE READING...........U.S. retail sales in July grew 0.5 percent

U.S. retail sales in July grew 0.5 percent