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.
96 Articles
96 Articles
Retail sales rise in July as shoppers rush to spend ahead of tariffs
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. But the figures also underscore anxiety among Americans: all the uncertainty around the expansive duties appears to be pushing them to step up their purchases of furniture and other items ahead of the expected price increases, analysts said. Retail sales r…
US Retail Sales Increase in July as Consumer Demand Holds Steady
U.S. consumers continued opening their wallets this summer as spending at the retail level increased for the second consecutive month, new data show. Retail sales rose by 0.5 percent in July following an upwardly adjusted 0.9 percent increase in June, according to advance estimates from the Department of Commerce’s Census Bureau released on Aug. 15. As consumer sentiment cratered this past spring, retail sales declined by 0.1 percent in April an…
Retail Sales Rise a Solid 0.5% In July as Shoppers Appear to Shrug Off Tariff Pressures
NEW YORK (AP) — 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 was stronger than expected, according to the Commerce Department’s report released Friday. June’s retail sales were revised upward to 0.9%, from …
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