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14.08.26 - 17:14
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US Retail Sales Fall Most Since May 2025 (Bloomberg)
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US retail sales fell in July by the most in more than a year as consumers pulled back on purchases at online stores and auto dealers.
The value of retail purchases, which isn't adjusted for inflation, decreased 0.6%, the most since May 2025, according to data published Friday by the Census Bureau.
Veronica Clark, US Economist with Citi, reacts to the US retail sales data and discusses the weakening labor market and slowing inflation. (Source: Bloomberg)...
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14.08.26 - 15:48
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US Retail Sales Drop More Than Expected in July (Bloomberg)
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US retail sales fell in July by the most in more than a year as consumers pulled back on purchases at online stores and auto dealers. Sales dropped by 0.6%, the forecast was for a 0.1% gain. Bloomberg's Michael McKee has the numbers followed by Aditya Bhave from BofA Securities with reaction. (Source: Bloomberg)...
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14.08.26 - 15:18
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World Cup Hangover Triggers Retail Sales Slump In July, K-Shaped Economy Waning (ZeroHedge)
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World Cup Hangover Triggers Retail Sales Slump In July, K-Shaped Economy Waning
Based on BofA's almost omniscient analysts, traders should expect a big disappointment this morning from US retail sales as the bank's data showed a huge drop in online retail (card not present) in July...
...because Prime Day and related promotions were pulled forward from July to June this year. Many other retail categories also saw m/m declines, including clothing, gas (due to lower prices) and furniture. Other factors driving the weakness in July likely included the heat wave around July 4 weekend and a modest post-World-Cup hangover effect.
And once again, BofA was right... US Retail Sales plunged 0.6% MoM in July (+0.1% MoM exp) - the biggest MoM drop since May 2025. This drop slowed the annual rise in retail sales to +5.0% YoY (still solid)...
Interestingly, unadjusted retail sales rose in July...
Both headline and core sales growth slowed YoY...
Most importantly, the 'Control Group' - which plugs dire...
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14.08.26 - 15:01
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Retail sales unexpectedly fall in July as government tax refunds fade (The Hill)
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NEW YORK (AP) — Shoppers unexpectedly cut their spending in July as a boost from government tax refunds faded. Retail sales slipped 0.6% last month, the biggest drop since May 2025 from a revised gain of 0.2%, according to the Commerce Department data released Friday. There was a notable bump in spending in both April......
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14.08.26 - 15:00
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U.S. Retail Sales Unexpectedly Fall 0.6% In July (AFX)
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WASHINGTON (dpa-AFX) - A report released by the Commerce Department on Friday showed an unexpected decline in retail sales in the U.S. in the month of July.The Commerce Department said retail sale......
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