United States Retail Sales contracted by 0.6% MoM in July
Retail Sales in the United States decreased to $763.6 billion in July, a 0.6% decline compared to the previous month, the US Census Bureau reported on Friday. This print reversed the 0.2% expansion recorded in the previous month and came in below market expectations (+0.1%).
In July, the United States experienced a decline in retail sales, contracting by 0.6% month-over-month, according to the US Census Bureau. This decline marked the first decrease since May, reversing the 0.2% growth seen in June and falling short of market expectations. On a year-over-year basis, retail sales still increased by 5% in July.
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