Americans spent less in July as COVID-19 cases surged

U.S. RETAIL SALES declined a seasonally adjusted 1.1% in July, reflecting the impact of the spread of the delta variant of COVID-19. / AP FILE PHOTO/CHARLES KRUPA
NEW YORK (AP) — Americans cut back on their spending last month as a surge in COVID-19 cases kept people away from stores. Retail sales fell a seasonal adjusted 1.1% in July from the month before, the U.S. Commerce Department said Tuesday. It was a much larger drop than the 0.3% decline Wall Street analysts…

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