- Retail sales, a measure of purchases at stores, restaurants and online, fell by 1.1% in July over the month.
- Consensus among economists was a 0.3% decline.
- Excluding autos, retail sales fell by 0.4% over the month.
- June’s retail sales were revised from a 0.6% gain to a 0.7% gain.
- The Right Facts will continue to monitor retail sales.