July retail sales data shows continued consumer spending strength with a 5.2% year-over-year increase excluding autos and gas.
US retail sales excluding automobiles and gasoline stations increased 0.3% in July from June on a seasonally adjusted basis, marking the 10th straight month of gains. The data reflects sustained consumer demand despite economic uncertainty.
Year-over-year sales rose 5.2% unadjusted, indicating solid growth compared to 2023 levels. The report covers core retail categories excluding volatile auto and fuel sectors, providing a clearer view of underlying spending trends.
The consistent monthly gains suggest resilience in consumer activity, though economists caution about potential future headwinds from inflation and interest rates.