Retail sales decreased 2.5% to $61.3 billion in July, the first decline observed in seven months. Sales were down in 9 of 11 subsectors, representing 94.5% of retail trade. The decrease was driven by lower sales at gasoline stations and clothing and clothing accessories stores.
Core retail sales—which exclude gasoline stations and motor vehicle and parts dealers—decreased 0.9%.
In volume terms, retail sales were down 2.0% in July.
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