US Retail Sales Fall Most Since May 2025
US retail sales fell in July by the most in more than a year as consumers pulled back on purchases at online stores and auto dealers.
The value of retail purchases, which isn’t adjusted for inflation, decreased 0.6%, the most since May 2025, according to data published Friday by the Census Bureau.
Veronica Clark, US Economist with Citi, reacts to the US retail sales data and discusses the weakening labor market and slowing inflation. (Source: Bloomberg)
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