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Summer retail sales rise but spending may not hold up through holidays
Summer retail sales rise but spending may not hold up through holidays

As back-to-school sales blur into Christmas layaway promotions, consumers are spending again — but some economists warn that the splurging may be fleeting. Americans opened their wallets in August after falling gas prices and an improving job market boosted their confidence. U.S. retail sales jumped 0.6% last month from July, the biggest increase in four months, the Commerce Department said Friday. Economists had expected an increase of 0.5%, according to FactSet. In another show of strength, July sales were revised to a gain of 0.3% from June, up from a previous estimate that spending was flat. "Consumers came back with a vengeance in August," said Chris Christopher,...

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