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Commerce Announces 0.4% Increase in Retail Sales for Aug 2010

On September 14, 2010, the Commerce Department released retail sales data for August 2010. Retail sales rose 0.4 percent, essentially matching the July gain of 0.3 percent and slightly above private-sector expectations. Motor vehicle sales fell 0.7 percent, and sales…

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at gasoline stations jumped 1.9 percent. Sales excluding motor vehicle and parts dealers and gasoline stations rose 0.5 percent.