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In July, U.S. retail sales experienced a 0.6% decline, the lowest in over a year, compared to an expected increase of 0.1%. Factors such as Amazon's earlier Prime Day and the timing of World Cup games contributed to this downturn, raising concerns about consumer spending in the second half of the year.
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In July, U.S. retail sales experienced a 0.6% decline, the lowest in over a year, compared to an expected increase of 0.1%. Factors such as Amazon's earlier Prime Day and the timing of World Cup games contributed to this downturn, raising concerns about consumer spending in the second half of the year.
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Retail sales slump in July
Retail Sales Decrease by 0.6% in July