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Retail sales jump 1.1 percent

WASHINGTON, July 12 (UPI) -- The Commerce Department said Friday U.S. retail sales jumped 1.1 percent in June to $299.5 billion, as shoppers opened their wallets and purchased more clothing, appliances and autos during the month. Most economists on Wall Street expected retail sales to rise by 0.7 percent after falling 1.2 percent in May.

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