Estimated furniture and home furnishings store sales totaled $9.68 billion in July, up from a revised $9.16 billion in July a year ago, the U.S. Department of Commerce reported today.
Building materials and supplies stores increased 1.2 percent over June and increased 8.5 percent unadjusted year-over-year.
In response, the dollar hit a near three-week high against a basket of major currencies.
Consumer spending is by far the largest source of US economic activity. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation's economy. "Savings can't drop indefinitely and future consumption growth will need to rely on stronger income growth".
Excluding sales of autos and parts, sales rose by 0.5% on the month to hit $378.8bn (consensus: 0.4%).
Prices for new motor vehicles recorded their biggest drop in almost eight years in July and have decreased for six straight months. Commerce Department figures aren't adjusted for prices, so cheaper fuel costs depress results.
The US dollar got a boost on Tuesday after data showed retail sales in the US held up well in July, while a measure of business activity among NY state's manufacturers rose at its fastest pace in three years.
Health and personal care stores increased 0.4 percent over June and increased 1.6 percent unadjusted year-over-year. Americans increased spending last month on most goods except for clothes and gasoline. Sales at clothing stores fell 0.2 per cent after rising 0.7 per cent in June.
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Andrea also said that as a result of this incident, they became more cautious about the way they operated during meet-and-greets. Liddicoat said in the deposition that Swift appeared to be "uncomfortable" after Mueller left, and was "visibly upset".
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But the moment they did it was ruthless as striker Aguero converted 20 minutes from time. "Hopefully he can get more game time". That is the top (and only) priority, and the club will do all it can to achieve that".