PhotoIt's now two increases in a row for retail sales.

The Commerce Department reports sales in July, adjusted for seasonal variation and holiday and trading-day differences, came to $478.9 billion -- up 0.6% from June and a surge of 4.2% from the same month a year earlier.

And, as it released its July figures, the government revised its June report to show an advance of 0.3% instead of the 0.2% drop initially reported.

July's increase was led by a sales gain of 1.8% by miscellaneous store retailers, followed by non-store retailers (+1.3%), motor vehicle & parts dealers (+1.2%), building material & garden equipment & supplies dealers (+1.2%), and food and beverages stores (+0.4%).

Sales declines were seen at electronics & appliance stores (-0.5%), gas stations (-0.4%) and clothing & clothing accessories stores (-0.2%).

The complete report is available on the Commerce Department website.

Need help dealing with the IRS?

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

    Share your Comments