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US Retail Sales Drop More Than Expected in July
Bloomberg Television· 2026-08-14 13:41
Well, retail sales data are disappointing. We thought they might be a little bit lower, and there are a lot bit lower retail sales on a headline basis, down by 6/10 of a percent. The forecast was for a one tenth percent rise.Uh retail sales auto down 3/10. Retail sales ex auto and gas down 2/10. Now of course gasoline prices were lower during the month.And retail sales control the part that goes into GDP, the part that economists tend to watch is down by 4/10. It was up by half a percent last month at least ...