U.S. retail sales recorded their biggest increase in seven months in July as consumers boosted purchases of motor vehicles as well as discretionary spending, suggesting the economy continued to gain momentum early in the third quarter. The Commerce Department said on Tuesday that retail sales jumped 0.6 percent last month. That was the largest gain since December 2016 and followed June’s upwardly revised 0.3 per cent rise.
U.S. retail sales post biggest gain in seven months
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