US Retail Sales Post Biggest Gain in 7 Months

Retail sales in the United States grew by 0.6 percent month-over-month in July 2017, following an upwardly revised 0.3 percent gain in June and beating market expectations of 0.4 percent. It was the sharpest increase in retail trade since December last year, mainly driven by higher sales at miscellaneous store retailers and motor vehicle and parts dealers.
US Census Bureau | Joana Ferreira | 8/15/2017 12:46:57 PM
10 out of 13 major retail categories showed gains in July while 3 decreased.

Sales rose at: Miscellaneous store retailers (1.8 percent from -1.7 percent in June); motor vehicle and parts dealers (1.2 percent from 0.9 percent); nonstore retailers (1.3 percent from 1 percent); building material stores (1.2 percent from 1.1 percent); food services and drinking places (0.3 percent, the same as in June); sporting goods, hobby, book and music stores (0.3 percent from -0.5 percent); food and beverages stores (0.4 percent from -0.7 percent); general merchandise stores (0.1 percent from 0.4 percent); health and personal care stores (0.4 percent from 0.3 percent); furniture and home furniture stores (0.4 percent from 0.5 percent).

By contrast, sales fell at: Electronics and appliance stores (-0.5 percent from -0.4 percent in June); gasoline stations (-0.4 percent from -1.5 percent); and clothing stores (-0.2 percent from 0.7 percent).

Excluding automobiles, gasoline, building materials and food services, retail sales surged 0.6 percent last month after an upwardly revised 0.1 percent gain in June.

Compared to July last year retail sales were up 4.2 percent. 

US Retail Sales Post Biggest Gain in 7 Months