Retail sales increase slightly in July

Retail sales increased slightly in July, but have remained basically flat for more than two years:

It's good news that retail sales aren't dropping, but that's about it. There's nothing much to see here.

1 thought on “Retail sales increase slightly in July”

rick_jones August 15, 2023 – 1:16 pm at

Are they lookin at the same thing? https://amp.cnn.com/cnn/2023/08/15/economy/retail-sales-july/index.html

Washington, DC
CNN
—
Spending at US retailers rose in July at a much faster pace than in the prior month, a combination of both strong demand among American consumers and higher prices because of elevated inflation. It was also the fourth straight month that retail sales increased.

Retail sales, which are adjusted for seasonality but not inflation, rose 0.7% in July from the prior month, the Commerce Department reported Tuesday. That was a faster pace than the previous month’s upwardly revised 0.3% gain and above economists’ expectations of a 0.4% rise, according to Refinitiv.

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