( ) -q-18- UNDATED (Correspondent Jeremy House) “about eight-percent.” Americans stepped up their spending at retailers last month by the most in a year and a half. [CutID: <Cuts> RETAIL-SALES-house-q-THUam.mp3 Time: 18s Title: RETAIL-SALES-house-q-THUam Out-cue: about eight-percent] TAG: Correspondent Jeremy House reporting. Excluding gas station sales, retail sales also rose 1%. Consumers have been pummeled […]
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Retail spending was higher in July despite higher prices
( ) -q-18- UNDATED (Correspondent Jeremy House) “about eight-percent.”
Americans stepped up their spending at retailers last month by the most in a year and a half.
[CutID: <Cuts> RETAIL-SALES-house-q-THUam.mp3
Time: 18s
Title: RETAIL-SALES-house-q-THUam
Out-cue: about eight-percent]
TAG: Correspondent Jeremy House reporting. Excluding gas station sales, retail sales also rose 1%. Consumers have been pummeled since the pandemic by high prices and elevated interest rates. Yet at the same time, average wages have also been rising.
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VERBATIM: U.S. retail sales increased 1% from June to July after having declined slightly the previous month. Auto dealers, electronics and appliance stores and grocery stores all reported strong gains. Adjusted for inflation, sales rose about 0.8%.