BIG BEAT: Retail Sales Jump 0.8% In July

Shoppers Retail Sales Economy Consumer New YorkShoppers walk down Broadway in Manhattan.

Photo: Mario Tama/Getty Images

Retail sales improved 0.8 per cent in July to $403.9 billion as sales of core retail sales surged, topping expectations for more moderate growth, new data from the Census Bureau shows.Economists polled by Bloomberg had forecast a 0.3 per cent improvement during the month.

Total sales excluding autos and gas sales advanced 0.9 per cent, ahead of expectations for a 0.5 per cent improvement. 

Nearly across the board, retailers logged better sales in July, with furniture, sporting goods, and health care stores posting more than a 1 per cent month-on-month gain.

The Census Bureau data also showed large negative revisions to June data, with sales contracting 0.7 per cent — 20 basis points more than first thought.

Below, key output from the report.

Census Bureau Advance Retail Sales July

Photo: Census Bureau

Census Bureau Advance Retail Sales July

Photo: Census Bureau

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