US retail sales weakest in over a year in July
US retail sales declined unexpectedly in July, government estimates showed on Friday, marking their weakest showing in more than a year as consumers pulled back at auto dealers and online stores. Total sales were down 0.6 percent in July from the previous month, at US$763.6 billion, according to the US Department of Commerce. Excluding sales at auto dealers and gasoline stations, sales dipped 0.2…
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- ‘It’s not lights out for the economy’: U.S. retail sales drop 0.6% in July fortune.com
- US retail sales unexpectedly fall in July businesstimes.com.sg
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- 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
