US: Retail sales for July 2017 were $478.9 billion, an increase of 0.6% from June

Eren Sengezer FXStreet

"Advance estimates of U.S. retail and food services sales for July 2017, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $478.9 billion, an increase of 0.6 percent from the previous month, and 4.2 percent above July 2016," the U.S. Census Bureau announced on Tuesday.

Key takeaways:

Total sales for the May 2017 through July 2017 period were up 3.9 percent from the same period a year ago.
The May 2017 to June 2017 percent change was revised from down 0.2 percent to up 0.3 percent
Retail trade sales were up 0.6 percent from June 2017, and up 4.3 percent from last year
Nonstore Retailers were up 11.5 percent from July 2016, while Building Materials and Garden Equipment and Supplies Dealers were up 8.3 percent from last year

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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