Retail sales in the U.S. unexpectedly came in unchanged in the month of July, according to a report released by the Commerce Department on Wednesday.
The Commerce Department said retail sales were virtually unchanged in July after edging up by 0.2 percent in June. Economists had been expecting another 0.2 percent increase.
Excluding a modest drop in auto sales, retail sales inched up by 0.1 percent in July compared to a 0.4 percent increase in the previous month.
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