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U.S. Retail Sales Rose 0.7% in July

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
126,739
85,853
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The very best stimulus is an American with a job.

And here we have Lizzie, Bernie and their clan telling OUR NATION'S EMPLOYER'S, "you didn't build that" and "you aren't paying your fair share"....

Phucking retards they are.

https://www.wsj.com/articles/u-s-retail-sales-rose-0-7-in-july-11565872458

WASHINGTON—American shoppers boosted spending in July, providing a source of fuel for the economy at a time of heightened global uncertainty.

Retail sales, a measure of purchases at stores, at restaurants and online, climbed a seasonally adjusted 0.7% in July from a month earlier, well above economists’ expectations, the Commerce Department said Thursday. Excluding autos, retail sales were up a robust 1.0% in July.

The broader trend this year shows steady growth in retail sales. Consumer spending increased 1.8% in the May-through-July period compared with the previous three months.

Americans increased their outlays in July at electronics stores, clothing stores and restaurants. Online sales were particularly strong, a possible result of Amazon Prime Day, a day of deals on the e-commerce site.

Consumer spending is the main driver of the U.S. economy, accounting for more than two-thirds of economic output. Higher retail sales last month suggest spending was on solid footing, even against a backdrop of slowing global growth and fading tax-cut stimulus. Spending gains will feed into the broader pace of economic growth for the quarter.
 
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