U.S. RETAIL SALES ROSE 1.2% IN JULY

Key Points:

  • July retail sales increased 1.2% from June for the third consecutive monthly increase.
  • While lower than expected, retail sales have returned to pre-pandemic levels.
  • Electronics stores saw the largest spike at 22.9%.
  • Restaurants and bars also increased 5.0% in July, a positive sign of recovery.