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July retail sales see broad-based gain as consumers spur growth

Estimates in a survey of 84 economists for total retail sales range from gains of 0.1% to one per cent

Rising employment, stronger finances and still-cheap fuel are helping draw consumers into stores and car dealerships. Growth in household spending, which accounts for about 70 per cent of the economy, is bolstering the expansion.


SALES at US retailers rose in July on growing demand for everything from cars to clothing, and a decline the previous month was wiped away, signalling consumers are propelling growth in the world's largest economy.

The 0.6 per cent advance matched the median forecast of...