Retail sales declined in the United States in July

By: Trademagazin editor Date: 2021. 08. 17. 11:05

Retail sales in the United States fell more than expected in July, according to a report by the Census Bureau in Washington, D.C.

In July, seasonally adjusted retail sales in the United States fell 1.1 percent after a 0.7 percent monthly increase in June. The market expected a 0.3 percent decline in July on a monthly basis.

The Census Bureau attributes the larger-than-expected decline in retail sales to the subdued shopping activity attributable to the increase in viral infections. Car purchases fell the most in July. (MTI)