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American Retail Sales Growth Falls to Negative in July

August 17, 2021 by Forex Winner Leave a Comment

American Retail Sales Growth Falls to Negative in July

Source: US Census Bureau

American retail sales posted a decline in July, marking a reversal from the rebound recorded in June, but remained higher than levels recorded in the previous year.

  • Retail and food services sales stood at $617.7 billion in July, down 1.1% from the previous month but 15.8% up from July 2020.
  • Retail trade sales fell 1.5% from June, but up 13.3% from the same month last year.
  • Clothing and clothing accessories soared 43.4% year on year, while food services and drinking places jumped 38.4%.
  • June’s monthly sales were revised to $624.7 billion, with the growth upgraded to 0.7% from 0.6%.
  • Total sales for the May to July period climbed 20.6% versus the comparable period in 2020.

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