The U.S. Census Bureau reported that overall retail sales in July were up 0.7 percent from June and up 3.2 percent year-over-year. That was double the increases in June when sales were up 0.3 percent month-over-month and up 1.6 percent year-over-year.
The National Retail Federation (NRF) said its calculation of retail sales, which excludes auto dealers, gas stations and restaurants to focus on core retail, showed July was up 1 percent seasonally adjusted from June and up 3.8 percent unadjusted year-over-year. In June, sales were up 0.3 percent month-over-month and up 3.2 percent year-over-year.
The NRF’s numbers were up 3.9 percent unadjusted year-over-year on a three-month moving average as of July and up 4 percent for the first seven months of the year.
July sales were up in five out of nine retail categories on a yearly basis, led by online sales, health and personal care stores and general merchandise stores, and up in all but two categories on a monthly basis.
For full details about July retail trends and commentary from analysts on the retail market impact, go here:
EXEC: Analysts Offer Mixed Feedback on July Retail Sales Increase
