US EditionUS retail sales increase solidly in July
July retail sales rose 0.5% driven by a 1.6% increase in auto sales as consumers maintain spending despite tariffs and inflation pressures, the U.S. Census Bureau reported.
- U.S. retail sales increased 0.5% in July to a seasonally adjusted $726.1 billion, marking solid growth nationwide.
- This rise followed June's upwardly revised 0.9% gain amid broad spending, driven partly by promotions and tariff-related price effects.
- Sales gains were broad, with motor vehicle dealers up 1.6%, furniture stores up 1.4%, and online sales jumping 0.8%, partially due to Amazon's extended Prime Day.
- Chris Zaccarelli noted that if consumer spending remains strong and companies keep their employees, the positive cycle supporting corporate profits and stock prices can continue.
- Despite these gains, rising import prices and a softening labor market increase downside risks to consumer spending going forward.
205 Articles
205 Articles
Charting the Global Economy: US Retail Sales Point to Resilience
(Bloomberg) — US retail sales posted solid advances in consecutive months for the first time this year, tempering concerns of a retrenchment in spending as consumers remain unsettled by the potential for tariff-induced inflation.
The Billings Gazette
Some step up purchases to get ahead of tariffs
NEW YORK — Shoppers spent at a healthy pace in July, particularly at the nation’s auto dealerships, even as President Donald Trump’s tariffs start to take a toll on jobs and lead to some price increases.
Retail sales in U.S. rise a solid 0.5% in July from June as shoppers appear to shrug off tariff pressures
Shoppers spent at a healthy pace in July, particularly at the nation’s auto dealerships, as they appear to shrug off President Donald Trump's tariffs, which are starting to take a toll on jobs and lead to some price increases. Retail sales rose a solid 0.5% last month, and June spending…
Consumers Now Remain Cautious Amid Inflation Concerns
American consumers continued to fuel the US economy in July, with retail sales rising a solid 0.5% amid ongoing concerns over President Donald Trump’s tariffs and fluctuating confidence levels. This spending, which accounts for roughly 70% of the nation’s economic output, underscores a resilient consumer base even as inflation expectations climb and businesses navigate higher costs. However, recent data reveals cracks in the foundation, with con…
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