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U.S. retail sales fell in July, missing expectations

Retail and food services sales decreased 0.6% month over month, and inflation-adjusted volumes dropped 0.7%.

Reported · Written up by our desk · Major Pairs

U.S. retail and food services sales declined in July, with the latest reading coming in below expectations, according to Action Forex.

The report said sales fell 0.6% month over month, versus expectations for a 0.1% increase. It also noted that sales were lower on an inflation-adjusted basis, with volumes down 0.7%.

Gasoline station sales declined 0.9% month over month, attributed to lower prices at the pump, while other categories also posted declines.

Latest closeGasoline (RBOB) $2.850 ▼9.6%

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