RETAIL SALES FALL BY 1.1% IN JULY

Key Points:

  • 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.
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