US retail sales rose at robust 0.5 pct. annual rate in July
(WorldNews Politics)

WASHINGTON (AP) - Americans shopped at a healthy pace in July, buying more cars, clothes and appliances, evidence that consumers are helping drive robust economic growth. Retail sales rose at a 0.5 percent annual rate in July, after a 0.2 percent increase the previous month, the Commerce Department said Wednesday. June`s increase, though, was revised lower from a previous estimate of a 0.5 percent annual rate. Consumers appear to be feeling upbeat and are in overall solid financial shape. The unemployment rate is near an 18-year low. And economic growth, along with hiring, has accelerated....