‘It’s not lights out for the economy’: U.S. retail sales drop 0.6% in July
There was a notable bump in spending in both April and May as Americans dipped into their tax refunds. That affect may have faded last month.
We haven't written up this one. Fortune has the full story — the link below goes straight to it.
Also reported by 6 other outlets
- US retail sales unexpectedly fall in July businesstimes.com.sg
- United States Retail Sales contracted by 0.6% MoM in July fxstreet.com
- US retail sales unexpectedly fall in July straitstimes.com
- US retail sales weakest in over a year in July news.rthk.hk
- US retail sales weakest in over a year in July freemalaysiatoday.com
- Sales at U.S. retailers slid in July, the latest in a string of weaker reports prompting a rethink about an economy that had looked to be only accelerating this spring wsj.com
