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Statement From Undersecretary Blank on August 2009 Retail Sales

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The Commerce Department’s U.S. Census Bureau today released retail sales for August 2009.Retail sales rose 2.7 percent in August, well above the increase of 2.0 percent private analysts had expected. Motor vehicle sales jumped 10.6 percent, while sales excluding motor vehicles increased 1.1 percent, and sales excluding motor vehicles and gasoline rose 0.6 percent. These data come after four straight quarterly declines in retail sales. (Statement) (Census Release)

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