After 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.
Keep an eye on your inbox, the lastest consumer news is on it's way!