U.S. Retail Sales Rose 0.4% In July

Retail sales rose 0.4% in July . The consensus was at 0.5%, June reading was a decrease of 0.5%.  Autos taken out, the figure was  an increase of 0.2% right at the consensus. Prior reading at -0.1%.

Gains came mostly from a 2.3% increase in gasoline station sales and 1.6 % rise in motor vehicle sales. Also rising: miscellaneous stores, nonstore retailers, and food services & drinking places.

Declining: furniture & home furnishings, electronics & appliances, building materials & garden equipment, food & beverage stores, health & personal care, clothing, sporting goods & hobby stores, and general merchandise.

Negative streak is snapped, but overall this is a weak report.

Chart 1. U.S. Retail sales

U.S. Census Bureau

This entry was posted on Friday, August 13th, 2010 at 7:31 am and is filed under U.S. Economic Data. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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