• U.S retail sales rose more than expected in July

Market news

15 August 2018

U.S retail sales rose more than expected in July

Advance estimates of U.S. retail and food services sales for July 2018, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $507.5 billion, an increase of 0.5 percent from the previous month, and 6.4 percent (±0.5 percent) above July 2017. Total sales for the May 2018 through July 2018 period were up 6.3 percent (±0.5 percent) from the same period a year ago.

The May 2018 to June 2018 percent change was revised from up 0.5 percent (±0.4 percent) to up 0.2 percent. Retail trade sales were up 0.4 percent from June 2018, and 6.0 percent (±0.5 percent) above last year. Gasoline Stations were up 22.2 percent (±1.6 percent) from July 2017, while Nonstore Retailers were up 8.7 percent (±1.4 percent) from last year.

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