Best Autos Tips and References website . Search anything about Autos Ideas in this website.
Awasome U.s. Retail Sales Drop In July On Weak Autos 2023. Retail sales dropped 1.1% last month, the commerce department said on tuesday. Excluding autos, sales increased 0.4% against expectations for no gain.
Retail sales fell more than expected in july, dragged down chiefly by weak buying of automobiles as chip shortages continued to squeeze supplies. Online sales tumbled, payback after amazon pulled forward its prime day to june from july. Sales were up 1.9 percent from a year ago.
Retail sales dropped 1.1% last month, the commerce department said on tuesday. Us retail sales fell a surprising 1.1 per cent in july compared to june, a far bigger drop than analysts were expecting, as auto sales collapsed 4.3 per cent, the commerce. Online sales tumbled, payback after amazon pulled forward its prime day to june from july.
Retail sales fell more than expected in july as shortages weighed on purchases of motor vehicles and other goods, but spending on services. Excluding the steep drop in auto sales, retail sales fell by 0.4 percent in july after jumping by 1.6 percent in june. Excluding automobiles, gasoline, building materials and food services, retail sales slipped 0.1 percent last month after a.
Data for june was revised up to show retail sales increasing 0.7% instead of rising 0.6% as previously reported. Retail sales dropped 1.1% last month, the commerce department said on tuesday. Retail sales dropped 1.1% last month, according to the us commerce department, with auto sales down 3.9%.
Retail sales dropped 1.1% last month, the commerce department said on tuesday. Retail sales fell more than expected in july as shortages depressed motor vehicle purchases and the boost to spending from the economy's reopening and stimulus. Retail sales dropped 1.1% last month.
Retail sales for july were flat, compared with the estimate for a 0.1% gain. Retail sales dropped 1.1% last month, according to. Excluding all motor vehicles and parts, total retail sales fell just 0.4 percent, but sales are still 15.8 percent higher than july 2020, the report said.
