Despite signs that the economy is coming out of a recession, consumers remain reluctant to spend money.

Retail sales fell a bit last month and are still below the sluggish levels they were at this time last year.

Retail sales fell 0.1% in July, following a 0.6% increase in June. Last month's figures were 9.4% below July 2008. From May to July, retail sales were down 9.6% from the same period last year.

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