8/17/2022, 2:34 PM (Source: TeleTrader)
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US retail sales unchanged in July

Retail and food services sales in the United States remained virtually unchanged in July, to come in at $682.8 billion, missing analysts' forecasts, the country's Census Bureau stated in its report published on Wednesday.

Total sales for the period of three months ending July increased 9.2% compared to the corresponding time span a year ago. Meanwhile, retail trade sales were virtually unchanged on the month, however, the parameter went up by 10.1% on an annual comparison basis. Gas stations rose 39.9% over July 2021, while food services and bars gained 20.2% also over last year.

The Census Bureau revised June's headline figure to $682.6 billion.

Baha Breaking News (BBN) / MM