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13.08.2015 13:11 U.S. retail sales jumps 0.6% in July

The U.S. Commerce Department released the retail sales data on Thursday. The U.S. retail sales climbed 0.6% in July, exceeding expectations for a 0.5% increase, after a flat reading in June. June's figure was revised up from a 0.3% drop.

 

 

The increase was partly driven by higher automobiles purchases. Automobiles sales rose 1.4% in July.

 

 

Retail sales excluding automobiles increased 0.4% in July, in line with forecasts, after a 0.4% gain in June. June's figure was revised up from a 0.1% decrease.

 

 

Sales at building material and garden equipment stores climbed 0.7% in July and sales at furniture stores increased 0.8%.

 

 

Sales at electronics and appliance outlets declined 1.2% in July, while sales at clothing retailers were up 0.4%.

 

 

These figures could add to speculation on that the Fed starts raising its interest rate next month.



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