PhotoAfter posting three straight monthly advances, retail sales were flat during July.

Figures released by the Census Bureau show retail and food services sales last month totaled $457.7 billion -- virtually unchanged from the previous month, but 2.3% above the same month a year ago.

One of the few bright spots was the upward revision of the June sales figure to show an advance of 0.8% rather than the 0.6% gain initially reported.

Sales at gas stations (-2.7%) were a big factor in the failure of sales to advance last month. Other sales declines came in sporting goods, hobby, book & music stores (-2.2%), grocery stores (-0.9%), and department stores (-0.5%).

Among the few retailers that saw sales increases in July were nonstore retailers (+1.3%) and motor vehicle and parts dealers (+1.1%)

The complete July retail sales report is available on the Census Bureau website.

Need help dealing with the IRS?

Our tax relief matching tool will find the right company for you.


    Share your Comments