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Resilient US Retail Sales Exceed Expectations in July

1 min read
Source: CNBC
Resilient US Retail Sales Exceed Expectations in July
Photo: CNBC
TL;DR

Retail sales in July exceeded expectations, increasing by 0.7% as consumer spending remained strong despite inflation. Online retailers saw a significant boost of 1.9% in sales, while furniture and electronics stores experienced declines. Gas station sales rose slightly despite higher fuel prices.

Topics:businesseconomy#commerce-department#consumer-spending#economy#inflation#online-retailers#retail-sales
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  1. Retail sales increased 0.7% in July, better than expected as consumer spending is holding up  CNBC
  2. How can July Retail Sales impact Fed interest rate bets?  FXStreet
  3. Retail Sales Report: July numbers should be flattered by Prime Day  MarketWatch
  4. Retail Sales, New Homes Data and Fed Minutes Provide a Late-Summer Read on the Economy  U.S. News & World Report
  5. US Retail Sales Exceeded Forecast in July, Showing Resilient Consumer  Bloomberg
  6. View Full Coverage on Google News

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