US Edition
US retail sales increase solidly in July
July retail sales rose 0.5% driven by a 1.6% increase in auto sales as consumers maintain spending despite tariffs and inflation pressures, the U.S. Census Bureau reported.
- U.S. retail sales increased 0.5% in July to a seasonally adjusted $726.1 billion, marking solid growth nationwide.
- This rise followed June's upwardly revised 0.9% gain amid broad spending, driven partly by promotions and tariff-related price effects.
- Sales gains were broad, with motor vehicle dealers up 1.6%, furniture stores up 1.4%, and online sales jumping 0.8%, partially due to Amazon's extended Prime Day.
- Chris Zaccarelli noted that if consumer spending remains strong and companies keep their employees, the positive cycle supporting corporate profits and stock prices can continue.
- Despite these gains, rising import prices and a softening labor market increase downside risks to consumer spending going forward.
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Bowen Island Undercurrent+8 Reposted by 8 other sources
Retail sales rise 0.5% in July as some shoppers step up purchases ahead of tariffs
NEW YORK (AP) — Shoppers spent at a healthy pace in July, particularly at the nation’s auto dealerships, even as President Donald Trump's tariffs start to take a toll on jobs and lead to some price increases.
Retail sales rise a solid 0.5% as shoppers appear to shrug off tariff pressures
NEW YORK (AP) — Shoppers spent at a healthy pace in July, particularly at the nation’s auto dealerships, as they appear to shrug off President Donald Trump's tariffs, which are starting to take a toll on jobs and lead to…
U.S. retail sales rose 0.5% in July, driven by strong demand for cars and Amazon-Walmart sales, but a slowing labor market and high prices pose risks to consumption.
Coverage Details
Total News Sources78
Leaning Left16Leaning Right5Center36Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 28%
C 63%
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