Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Monthly retail sales growth plummeted in July, falling 1.1% when financial markets had anticipated a much smaller 0.2% decline. June's 0.6% increase was revised up slightly to 0.7%.
July's decrease was driven mostly by sales at motor vehicle and parts dealers, which fell 3.9% after falling 2.2% in June. Other notable declines came from sales at nonstore retailers (-3.1%), clothing and clothing accessory stores (-2.6%), and building material stores (-1.2%). Meanwhile, sales at miscellaneous retailers rose 3.5% through July and sales at gas stations were up 2.4%.
Excluding motor vehicle sales, retail sales were down 0.4% in July after growing 1.6% in June. Excluding motor vehicle and gas station sales, retail sales were down 0.7%. Control group sales were down 0.6%.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.