Economic Update: Retail Sales
The Commerce Department reported that Retail Sales were up +0.8% in the month of July, which was well above with the consensus for +0.2%.
Prior month’s readings for comparison purposes:
When you strip out the sales of autos, sales were up +0.8%, which was also well above the consensus for a reading of +0.3% and last month’s level of -0.8%.
And when you take out autos and gasoline, sales were up +0.8%.
Other stories on the US Economy to review:
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