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US Retail Sales Top Forecast in Boost From High Inflation

  • Value of overall purchases rose 1% in broad-based advance
  • Furniture, e-commerce and electronics sales posted gains
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US Retail Sales Beat Forecast With 1% Gain in June
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US retail sales were stronger than expected in June, but after several economists adjusted the data for inflation, they still point to a leveling off in spending.

The value of overall retail purchases increased 1%, after an upwardly revised 0.1% decline in May, Commerce Department figures showed Friday. The figures aren’t adjusted for inflation.