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Retail sales in the U.S. fell by 0.6% in July, the largest decrease since May 2025, according to the Commerce Department. This decline raises concerns about consumer spending amid ongoing inflation and rising gasoline prices. Economists are closely monitoring the situation as the holiday shopping season approaches, with many retailers offering discounts to attract cautious consumers.
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Retail sales in the U.S. fell by 0.6% in July, the largest decrease since May 2025, according to the Commerce Department. This decline raises concerns about consumer spending amid ongoing inflation and rising gasoline prices. Economists are closely monitoring the situation as the holiday shopping season approaches, with many retailers offering discounts to attract cautious consumers.
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Retail sales unexpectedly fall in July as government tax refunds fade
Retail Sales Decrease by 0.6% in July as Consumer Spending Shifts