Retail sales rise a solid 0.5% in Jul. from Jun.
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19hon MSN
Retail spending rose 0.5% in July
Consumers are still buying things in the United States, a new report from the Census Bureau said Friday. Spending at U.S. retailers rose 0.5% in July.
Retail sales rose less than expected in July as consumers still showed signs of rebounding after a pullback in the spring.
Consumer spending ticked up in July in line with economists’ expectations, suggesting American households remain resilient.
US stock futures were mixed on Friday as Wall Street tempered its rate-cut hopes while July's retail sales advanced. Traders were also awaiting Friday's meeting between President Trump and Vladimir Putin,
China's economy showed signs of slowing in July as factory output and retail sales slowed and housing prices dropped further, according to data released Friday. Uncertainty over tariffs on exports to the United States is still looming over the world's second-largest economy after President Donald Trump extended a pause in sharp hikes in import duties for 90 days,
China's factory output growth slumped to an eight-month low in July, while retail sales slowed sharply, raising pressure on policymakers to roll out more stimulus to revive domestic demand and ward off external shocks to the $19 trillion economy.