Retail Sales Rise 1.2 Percent

By Staff Writer August 17, 2020

Advance estimates of U.S. retail and food services sales for July 2020 were $536.0 billion, an increase of 1.2 percent (± 0.5 percent) from the previous month, and 2.7 percent (± 0.7 percent) above July 2019.

The figures, from the U.S. Census Bureau,  were adjusted for seasonal variation and holiday and trading-day differences, but not for price changes.

Total sales for the May 2020 through July 2020 period were down 0.2 percent (± 0.5 percent) from the same period a year ago. The May 2020 to June 2020 percent change was revised from up 7.5 percent (± 0.5 percent) to up 8.4 percent (± 0.2 percent). Retail trade sales were up 0.8 percent (± 0.5 percent) from June 2020, and 5.8 percent (± 0.7 percent) above last year. Nonstore retailers were up 24.7 percent (± 1.4 percent) from July 2019, while food and beverage stores were up 11.1 percent (± 0.9 percent) from last year

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Last modified on Tuesday, 18 August 2020 13:16