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The recovery in the US Retail Sales continues to surprise, in June figures came in at the second-largest monthly increase on record. The market expected a 5% increase, however the 7.5% outcome took everyone by surprise.
Moreover, even the core number, which excludes automobile sales because they tend to be volatile, rose by 7.3% on expectations of 5%. In other words – a strong signal sent by the US consumer, a positive sign for an…
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