Retail sales declined in the United States in July

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)