Economic Buzz: US retail sales soften on monthly basis

The US Census Bureau reported today that advance estimates of US retail and food services sales for July 2026, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $763.6 billion, down 0.6 percent from the previous month, but up 5.0 percent from July 2025. Total sales for the May 2026 through July 2026 period were up 6.3 percent from the same period a year ago. The May 2026 to June 2026 percent change was unrevised from up 0.2 percent. Core retail sales, excluding automobiles and other volatile categories, also dropped by 0.4% in July.

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