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Retail Spending in July to Reflect Impact of Lower Gas Prices
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Americans slowed retail spending in July as gasoline prices fell and took pressure off household budgets, economists say.
Economists surveyed by The Wall Street Journal estimated that retail sales—a measure of spending at stores, online and in restaurants—rose a seasonally adjusted 0.1% in July from the previous month. That would mark a slowdown from the 1% month-over-month increase recorded in June.
Read more on wsj.comAbout this in other media
Washington state to ban sales of new gas cars by 2035, following California theguardian.com /1 year ago
Spending Report to Show Inflation’s Impact on Consumers wsj.com /1 year ago
‘We got too comfortable’: Germany’s race to switch its gas supply theguardian.com /1 year ago
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