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US July retail sales -0.6% vs +0.1% expected

US July retail sales fell 0.6% vs +0.1% expected; control group down 0.4%, first decline since September 2025.

· Source: investinglive.com

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Summary

US retail sales disappointed sharply in July, falling 0.6% versus a +0.1% consensus forecast, with the closely-watched retail control group (ex-autos, gas, restaurants) declining 0.4%—the first negative read in nearly a year. Motor vehicles and parts were the primary drag (down 1.8%), though electronics also weakened; year-over-year nominal growth decelerated to 5.01% from 6.72%. While the article cautiously notes this is a single data point amid a string of prior strength, the deterioration challenges the prevailing narrative that US consumer spending will hold as long as employment remains solid, potentially signaling demand softening ahead of Fed decision-making.

HomeUS July retail sales -0.6% vs +0.1% expectedUS July retail sales -0.

6% vs +0.1% expectedNewsAdam Button12 hours agoTagsUSDAdd as a preferredsource on GoogleUS retail sales for July 2026Prior was +0.2%Ex autos -0.

3% vs +0.2% expEx gas and autos -0.2% vs +0.

4% priorRetail control -0.4% vs +0.3% expRetail sales y/y nominal 5.

01% vs +6.72% priorThe thinking is that the US consumer will continue spend so long as the jobs market holds up but this report dents that view. I'd caution that it's only one report.

The negative reading on the control group is the first one since September 2025 and follows a string of good numbers.Deeper in the data, a big drag is motor vehicles and parts, down 1.8% m/m and eectronics were also lower by 0.

5%. There was some upside in building materials up 0.3% and food services and drinking places up 0.

5%, no doubt due to the World Cup. There might have also been a Prime Day hangover with sales at non-store retailers down 2.2% m/m.

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Breaks away from 50% retracement. US Business inventories for June 0.0% vs 0.

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