Research >> Economics
U.S. Retail Sales for July decrease of 0.1%
The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for July, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $384.6 billion, a decrease of 0.1 percent (±0.5%)* from the previous month and 2.6 percent (±0.7%) above July 2007. Total sales for the May through July 2008 period were up 2.7 percent (±0.5%) from the same period a year ago. The May to June 2008 percent change was revised from +0.1 percent (±0.5%)* to +0.3 percent (±0.2%).
Retail trade sales were down 0.1 percent (±0.5%)* from June 2008, but were 2.6 percent (±0.7%) above last year. Gasoline station sales were up 24.6 percent (±2.0%) from July 2007 and sales of nonstore retailers were up 7.7 percent (±2.0%) from last year.
Posted: August 13, 2008 Wednesday 09:00 AM