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July retail sales are mixed, reports Commerce and NRF

August 17, 2021

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United States July retail sales were again mixed, according to data issued respectively today by the United States Department of Commerce and the National Retail Federation (NRF).

Commerce reported that July retail sales—at $617.7 billion—were off 1.1% compared to June’s revised $624.7 billion and topped July 2020 by 15.8%. And it added that total retail sales from May through July saw a 20.6% annual increase.

Looking at specific verticals, Commerce reported that retail trade sales were off 1.5% annually and up 13.3% annually, whereas clothing and clothing accessories stores up 43.4% annually, and food services and drinking places rose 38.4%, ostensibly benefitting from improved economic conditions compared to a year ago, even though the Delta variant has been an increasing concern for businesses.

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