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Economic Report: Retail sales stall in July, following 3 months of gains

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Pedestrians walk by an advertisement for a clothing company along Broadway in Manhattan

WASHINGTON (MarketWatch)—U.S. retail sales stalled in July after three straight monthly gains, according to government data released Friday.

U.S. retail sales were little-changed in July, down from a gain of 0.8% in June, the Commerce Department reported. Economists polled by MarketWatch had expected growth of 0.4% on the month, compared with an original estimate of 0.6% growth in June.

Auto sales rose 1.1% in July, representing the strongest result since April. But excluding autos, retail-sales growth slumped 0.3% last month—the weakest reading since January, after a 0.9% gain in the prior month.

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