July Sales Fall 0.1%; Down 8.3% From July 2008

According to the Commerce Department, July retail sales fell 0.1 percent.

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 $342.3 billion, a decrease of 0.1 percent (±0.5%)* from the previous month and 8.3 percent (±0.7%) below July 2008. Total sales for the May through July 2009 period were down 9.0 percent (±0.5%) from the same period a year ago. The May to June 2009 percent change was revised from +0.6 percent (±0.5%) to +0.8 percent (±0.2%).

Retail trade sales were down 0.1 percent (±0.7%)* from June 2009 and 9.4 percent (±0.7%) below last year. Gasoline stations sales were down 32.5 percent (±1.5%) from July 2008 and building material and garden equipment and supplies dealers were down 14.7 percent (±2.0%) from last year.

Calculated Risk's monthly take is here I've attached the blog's chart below. There's another one at the site that's worth checking out.

Click for larger image.


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