Friday, August 12, 2016

Retail Sales Unchanged in July

There were $457.7 billion in retail and food service sales in July, virtually unchanged from the previous month, according to the U.S. Census Bureau.

Core retail sales – excluding automobiles and parts – fell 0.3% after rising 0.9% in June. Year-over-year core sales increased 2.2%.

Retail trade sales were virtually unchanged in July but rose 1.9% from a year ago. In contrast, sales at nonstore retailers increased during the month, rising 1.3%. Year-over-year sales at nonstore retailers have increased by 14.1%.

Gasoline station sales continued to fall, dropping 2.7% during the month and 11.0% from a year ago.

Read the Census release.

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