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News Link • Economy - Economics USA

U.S. retail sales jump 2.7 percent in August

• Reuters
Sales at U.S. retailers rose at their fastest pace in three-and-half years in August as government-sponsored auto incentives buoyed demand for motor vehicles, according to data on Tuesday that also showed strong sales outside the auto sector.
The Commerce Department said total retail sales climbed 2.7 percent, the biggest monthly advance since January 2006, after declining by a revised 0.2 percent in July.

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