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July Retail Sales +1.2%; Ex-MV +1.9%

US DATA
MNI (Washington)
  • U.S. retail sales rose 1.2% in July, slowing from June's revised 8.4% gain, though still approaching pre-crisis records, according to figures released Friday by the Commerce Department.
  • Motor vehicle sales plunged in July, falling by 1.2% after June's 9.1% increase. From a year earlier, sales were still up 6.1%.
  • Weakness in monthly auto sales was partially offset by gas station sales, which rose 5.7% in July after an unprecedented 98.8% gain in June. Sales at the pump were down 15.6% y/y.
  • Excluding motor vehicles, retail sales were up 1.9% in July. Excluding both motor vehicle and gas station sales, sales were up 1.5%, above market expectations for a 1.0% gain.
  • Sales at electronics and appliance stores rose 22.9% in July following a 37.6% increase in June. Clothing and clothing accessory store sales grew by 5.7% after two months of record-shattering percent increases.
  • Sales at food services and drinking places were up 5.0% in July, and food and beverage store sales increased 0.2%. Grocery store sales were up 0.4%.
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
Energy BulletsCommodities
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
Energy BulletsCommodities

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