US retail sales boost
Published 14/08/2015 | 02:30
Sales at US retailers rose 0.6pc in July and figures for the prior two months were revised up, Commerce Department data showed yesterday in Washington. July's gain was broad-based with 11 of 13 major categories advancing.
Demand grew as rising employment, stronger finances and still-cheap fuel propelled consumers last month, even as the sinking stock market in China and ongoing Greek debt crisis hurt confidence. The data are seen as a signal household- spending gains can be sustained despite global events. (Bloomberg)