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NRF: August sales increased 0.5%, fueled by strong back-to-school finish
Washington, D.C. -- August retail sales – excluding automobiles, gasoline stations and restaurants – increased 0.5% seasonally adjusted month-to-month and 2.7% unadjusted year-over-year, according to the National Retail Federation. When combined with revisions to July, August sales indicate a consistent improvement in consumer confidence and spending.