The Classy Investors

  /  Top News   /  U.S. Retail Sales Rebound Flattened in July; Sales up 1.2% vs June

U.S. Retail Sales Rebound Flattened in July; Sales up 1.2% vs June

imageEconomic Indicators12 hours ago (Aug 14, 2020 08:37AM ET)

(C) Reuters.

By Geoffrey Smith

Investing.com — The rebound in U.S. retail sales faltered in July, as the exuberance of pent-up demand faded against a backdrop of record unemployment.

Retail sales rose only 1.2% from June, after gains of over 18% and 8% in May and June. The figure was below consensus forecasts for 1.9% growth ahead of time.

Core retail sales, a series that excludes automobiles, rose 1.9% on the month, better than the 1.3% gain expected but still a clear slowdown from 8.3% in June.

In year-on-year terms, sales were still 2.7% ahead of July 2019, helped in large measure by government support measures that have been drastically cut since the end of the month.

U.S. Retail Sales Rebound Flattened in July; Sales up 1.2% vs June

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.