- Retail sales declined 1.1% in July, worse than the expected drop of 0.3%.
- Motor vehicles and parts dealers led the decline, along with clothing and sporting goods stores.
- Gasoline sales and eating and drinking establishments saw the biggest gains.
Shoppers in the U.S. cut back their purchases in July even more than expected as worries over the delta variant of Covid-19 dampened activity and government stimulus dried up.
Retail sales for the month fell 1.1%, worse than the Dow Jones estimate of a 0.3% decline and below the upwardly revised 0.7% increase in June.
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