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Retail Sales on the Rise

According to the new retail numbers. U.S. Retail sales have increased 0.2% in July. This shows that the boost in hiring is translating to increase consumer spending. Some economists are revising their economic outlook for the United States given the new numbers.

These numbers were lower than the expected 0.3% but it is still a good sign of economic improvement. In addition, June numbers were revised upward from 0.4% to 0.6%.

Sales are up across the board. People are eating out more at restaurants, they are buying more cars and low interest rates are triggering a home buying frenzy.

Is this short live or is the economy coming back?