US July Retail Sales Flat Month-on-Month

[Asia Economy Reporter Choi Donghyun] U.S. retail sales in July showed no change compared to the previous month.

According to Bloomberg on the 17th (local time), the month-over-month change rate of U.S. retail sales in July was recorded at 0%. This is the first time this year that the monthly change rate of U.S. retail sales showed no movement. Market expectations had predicted a 0.1% increase. In June, retail sales had increased by 1% compared to the previous month.

Retail sales indicate the trend of Americans purchasing goods at stores, online, or consuming at restaurants.

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