A group of Chevrolet Camaro cars for sale is pictured at a car dealership in Los Angeles, California April 1, 2014. REUTERS/Mario Anzuoni
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U.S. retail sales rebounded in July as households boosted purchases of automobiles and a range of other goods, suggesting solid momentum in the economy early in the third quarter.Retail sales increased 0.6 percent last month, broadly in line with economists' expectations. June's retail sales were revised up to show them unchanged instead of the previously reported 0.3 percent drop.Core retail sales were previously reported to have dipped 0.1 percent in June.The upward revisions to June core retail sales also boosted the second-quarter growth estimate.Retail sales last month rose in most categories, with receipts at auto dealerships increasing 1.4 percent after falling 1.5 percent in June.
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