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U.S. Retail Sales Climb In Line With Estimates In July
(RTTNews) - A report released by the Commerce Department on Friday showed retail sales in the U.S. increased in line with economist estimates in the month of July.
The Commerce Department said retail sales climbed by 0.5 percent in July after jumping by an upwardly revised 0.9 percent in June.
Economists had expected retail sales to rise by 0.5 percent compared to the 0.6 percent increase originally reported for the previous month.
Excluding sales by motor vehicle and parts dealers, retail sales rose by 0.3 percent in July after growing by 0.8 percent in June. The increase in ex-auto sales also matched expectations.
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