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Today the U.S. Census Bureau released preliminary estimates of nationwide retail sales in July 2021 and revised estimates for June 2021. (The data include both brick-and-mortar and Internet sales.)
Retail Sales Fell in July But Remain Elevated. Seasonally adjusted U.S. retail sales fell 1.1 percent from June to July. Although this decline was large by historical standards, retail sales remain elevated due to dramatic growth in January and March. Cumulative twelve-month growth in sales from July 2020 to July 2021 was 16 percent.
