US retail sales fell 0.6% month over month in July, according to a ChainCatcher news update. The reading marked the biggest decline since May last year and came in below the market expectation of a 0.1% increase. The data point adds a fresh macro signal for financial markets tracking US consumer activity. ChainCatcher cited the July retail sales figure at -0.6%, compared with an expected +0.1%, while noting that the drop was the steepest monthly decline since May of the previous year. No additional breakdown was provided in the source item.
According to ChainCatcher, US retail sales fell 0.6% month over month in July, marking the biggest decline since May last year and coming in below the market expectation of a 0.1% increase.
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