USA: -1.1% of retail sales in July

(CercleFinance.com) – After rising 0.7% in June (revised from an initial estimate of + 0.6%), US retail sales fell 1.1% on the month last, according to the Commerce Department, where the consensus expected a much smaller contraction.

Excluding the automotive sector (vehicles and equipment), US retail sales slumped 0.4% in July (after rising 1.6% the month before), where economists on average expected a small increase. .

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