Retail sales stay flat in July

After several months of increases, U.S. retail sales fell flat in July as motor vehicles and parts sales fell 0.2%.

The Commerce Department reported advance estimates of U.S. retail and food services sales of $439.8 billion, adjusted for seasonal variation and holiday and trading-day differences. This compares to a preliminary estimate of $439.9 billion last month, though July's figure is up 3.7% year-over-year.

Additionally, total sales for the May through July 2014 period were up 4.2% over last year.

Building material and garden equipment & supplies dealers (NAICS 444) were up 0.2% for the month and 5.1% for the year.

Across other industries, department stores suffered the worst monthly sales decline, losing ground by 0.7%. Miscellaneous store retailers led the pack at an increase of 0.9%, followed by both clothing & accessory stores and health & personal care stores at 0.4%.

Login or Register to post a comment.