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Report: Total U.S. retail sales for July up 8.7% year-over-year
Purchase, N.Y. -- A report released Thursday by MasterCard Advisors said that total retail sales in July sustained momentum despite inconsistencies in other areas of the economy.
According to MasterCard SpendingPulse, which tracks national retail and service sales, excluding auto sales retail sales in July 2011 grew by 8.7% year-over-year.
Retail sales are on par with the average growth of the previous three months.