Commerce and NRF data points to retail sales growth in August

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Commerce reported that August retail sales—at $683.3 billion—rose 0.3% compared to July, while posting a 9.1% annual increase. NRF said that in its calculation of retail sales, which excludes automobile dealers, gasoline stations, and restaurants, to focus on core retail, pointed to August retail sales increasing 0.1% over July and up 8% on an unadjusted basis annually.

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