Retail sales rise a solid 0.5% in Jul. from Jun.
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US retail sales remain resilient, with strong growth in autos and e-commerce offsetting softness in some categories, supporting ongoing consumer demand. Import prices showed modest inflationary pressure,
Consumer sentiment fell in early August, according to the University of Michigan’s regular index. But retail sales numbers — what consumers are actually buying — were up in July. In line with expectations, and less of an increase than in June, but still up.
Policymakers are under pressure to roll out more stimulus to revive domestic demand and ward off external shocks to the $19 trillion economy.
Retail sales rose less than expected in July as consumers still showed signs of rebounding after a pullback in the spring.
July's solid 0.5% increase in retail sales was giving way to greater optimism in the stock market on Friday about the ability of consumer
Retail sales volumes for used Class 8 trucks saw a 5.5% increase in July, while auction and wholesale volumes were down 27% and 26%, respectively. Plus, DOT seeks more input on autonomous deployment,
Consumer spending ticked up in July in line with economists’ expectations, suggesting American households remain resilient.