US Retail Sales Unchanged in July

Retail sales in the United States were flat in July from June 2016 compared to an upwardly revised 0.8 percent gain in the previous period while missing market expectations of 0.4 percent rise.

Sales at nonstore retailers went up 1.3 percent, the same pace as in the previous month, and those at motor vehicle and part dealers rose 1.1 percent compared to a 0.5 percent growth in May. Additional upward pressure came from sales at health and personal care stores (+0.1 percent); miscellaneous store retailers (+0.3 percent); furniture and home furniture stores (+0.2 percent). 

By contrast, sales at building material and garden equipment and supplies dealers dropped 0.5 percent after growing by 4.2 percent in June; and those at gasoline stations fell 2.7 percent, following a 2.2 percent gain.

Compared with the same month of the previous year, retail sales advanced 2.3 percent, slowing from a 2.7 percent gain in June.

US Retail Sales Unchanged in July

US Census Bureau | Joana Ferreira |
8/12/2016 1:45:35 PM