U.S. retail sales regain pre-virus pace but slowdown is likely

U.S. RETAIL SALES increased by 1.2% in July. / AP FILE PHOTO/ NAM Y. HUH
WASHINGTON (AP) – Americans increased their retail purchases by 1.2% in July, with solid gains in appliances and clothing, restoring sales to their level before the viral pandemic erupted in March. Sales at retail stores and restaurants have now risen for three straight months, after enormous plunges in March and April, when the pandemic suddenly…

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