US Retail Sales Slip in July
The Census Bureau said sales fell 0.6% to $763.6 billion, while the National Retail Federation reported 10 straight months of gains.
- US retail sales dropped 0.6% in July to $763.6 billion, marking the first decline in nine months, according to Census Bureau data released last week.
- The National Retail Federation reported sales rose for the 10th consecutive month, with NRF CEO Matthew Shay noting retail sales maintained steady upward momentum despite the Census data.
- Oil price retreats exaggerated the July decline, while Amazon brought its Prime Day discount event forward to June this year, distorting month-to-month comparisons.
- Consumer confidence fell in the University of Michigan's latest survey, combining with subdued inflation reports to rein in Federal Reserve rate hike expectations for September.
- Wall Street stock indexes push to record highs despite market concerns about the Iran war standoff and slowing global economic momentum pressuring future consumer spending.
13 Articles
13 Articles
Retail sales fell by 0.6% in July, the biggest decline in more than a year, while consumer confidence plummeted by almost 8%. Prices for school supplies and electronics rose 5% just in the middle of the return-to-class season.
Morning Bid: Retail risk - Regional Media News
By Mike Dolan Aug 17 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets A relatively quiet week ahead kicks off today in the shadow of the first drop in U.S. retail sales in nine months last Friday, teeing up second-quarter results from Home Depot, Target and Walmart later in the week, another gauge of U.S. consumer spending. I'll get into that and more below. But first, listen to the la…
Around 9:40 AM (Paris time), the CAC 40 remained virtually unchanged (+0.00%) at 8,637.38 points, gaining just 0.58 points. On Friday, the benchmark Parisian index had fallen by 0.16%. Doubts about the strength of the US economy resurfaced last week, following a surprise decline (-0.6%) in US retail sales in July. Adding to this poor performance was a sharp drop in US consumer confidence for August, according to a preliminary survey by the Unive…
Weak US retail sales data dampened investor optimism on Friday.
US retail sales post sharpest decline in more than a year
New York, Aug. 16 (SANA) US retail sales unexpectedly fell 0.6% in July, their steepest decline since May 2025, as spending linked to tax refunds, the World Cup and Amazon’s Prime Day faded, Commerce Department data showed. The fall followed a revised 0.2% increase in June and was weaker than economists had forecast. It came alongside sluggish employment figures and declining consumer confidence, raising concerns that the US economy may be losin…
US Retail Sales Slip in July
US retail sales fell in July for the first time since April, when the US Census Bureau resumed reporting data after last year’s two-month government shutdown. Revenue dropped 0.6% – adjusted for seasonal variation – from the previous month to $763.6 billion, based on data the US Census Bureau released last week. Sales were up 5% from July 2025, while total sales for the May-to-July period improved 6% year on year, the Census Bureau reported. The…
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