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Retail sales unexpectedly fall in July as government tax refunds fade
Retail sales in the U.S. fell by 0.6% last month, marking the largest drop in over a year. This unexpected decline raises concerns about consumer spending amidst rising inflation and fuel prices, despite some sectors seeing gains.
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Retail sales in the U.S. fell by 0.6% last month, marking the largest drop in over a year. This unexpected decline raises concerns about consumer spending amidst rising inflation and fuel prices, despite some sectors seeing gains. Full story and more reels: https://newsreel.video #news #breaking #retail #economy #inflation
Originally reported by AP News.
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