Retail sales keep rising in the US

Retail sales probably rose at a faster pace in June and the U.S. housing market strengthened as the economy began to emerge from a slowdown tied to higher taxes and budget cutbacks, economists said before reports this week.

Purchases at retailers rose 0.8 percent, the most in four months, after a 0.6 percent advance in May, according to the median forecast of economists surveyed by Bloomberg before tomorrow’s Commerce Department release. Other data may show builders broke ground on more homes, housing permits climbed and inflation was limited.