Associated Press, Washington
The Commerce Department said Tuesday that retail sales advanced in June by the largest amount in five months, higher than economists had expected. It marked the second consecutive increase and boosted the belief that the economy may be on the verge of a rebound.
Sales showed strength at electronics, appliance stores and at sporting goods stores.
Many economists believe that the economy is in the process of stabilizing and are forecasting that the overall economy, as measured by the gross domestic product, will begin growing again this July-September quarter.
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