Retail Sales Stall In July, But Core Spending Gains As Gas Prices Tumble

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The Street

By Martin Baccardax Core retail sales improved firmly in July, but the headline figure was essentially unchanged as gas prices tumbled from their June record highs. U.S. retail sales stalled last month, Commerce Department indicated Friday, as tumbling gas prices clipped the headline number, but added strength to underlying purchases as discretionary spending improved. July retail sales were essentially unchanged from the previous month to a collective $$682.8 billion, the Commerce Department said, just shy of the Street consensus forecast of a 0.1% gain. The June total was revised lower, to a…

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