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Market Update : 
Retail Sales Decrease 0.1% in July
Author: 123jump.com Staff
123jump.com
Last Update: 9:05 AM ET August 13 2008



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The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for July, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $384.6 billion, a decrease of 0.1% from the previous month and 2.6% above July 2007.

 
The following is the unedited transcript of the news release from the U.S. Census Bureau of the Department of Commerce.


The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for July, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $384.6 billion, a decrease of 0.1 percent (±0.5%) from the previous month and 2.6 percent (±0.7%) above July 2007. Total sales for the May through July 2008 period were up 2.7 percent (±0.5%) from the same period a year ago. The May to June 2008 percent change was revised from +0.1 percent (±0.5%)* to +0.3 percent (±0.2%).


Retail trade sales were down 0.1 percent (±0.5%) from June 2008, but were 2.6 percent (±0.7%) above last year. Gasoline station sales were up 24.6 percent (±2.0%) from July 2007 and sales of nonstore retailers were up 7.7 percent (±2.0%) from last year.


Available at:

http://www.census.gov/svsd/www/marts_current.html
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