US retail trade sales were up by 1.1 per cent month on month (MoM) and by 2.6 per cent YoY in July, the Census Bureau said.
That compared with a drop of 0.2 per cent MoM and a rise of 2 per cent YoY in June.
The data shows consumers continued to increase their spending in July even as economic growth is moderating, NRF chief economist Jack Kleinhenz said.
That compared with a drop of 0.2 per cent MoM and a rise of 2 per cent YoY in June.
The data shows consumers continued to increase their spending in July even as economic growth is moderating, NRF chief economist Jack Kleinhenz said.
