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Sunday, August 14, 2016

Retail Sales Show No Growth for July 2016 [feedly]

Retail Sales Show No Growth for July 2016
http://www.economicpopulist.org/content/retail-sales-show-no-growth-july-2016-6000


July 2016 retail sales were a real Wall Street let down as there was no change from June.  Gasoline sales plunged by -2.7%, yet most retailers had declining sales.  Auto sales and Amazon prime day were not enough to salvage overall retail sales.  Without autos & parts sales, retail sales would have dropped by -0.3% for the month.  Retail sales without gasoline station sales considered would have been a 0.2% monthly increase.  Retail sales overall have increased 2.3% from a year ago.


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