Retail sales rise a solid 0.5% in Jul. from Jun.
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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.
Retail sales volumes for used Class 8 trucks saw a 5.5% increase in July, while auction and wholesale volumes were down 27% and 26%, respectively. Plus, DOT seeks more input on autonomous deployment,
Policymakers are under pressure to roll out more stimulus to revive domestic demand and ward off external shocks to the $19 trillion economy.
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 latest economic data indicates a slowdown, with key indicators missing forecasts. Industrial production rose by 5.7% in July, a decrease from the 6.8% gain in June and below the expected 5.9%.