COVERAGE GAP

Retail Sales Plunge as Consumers Tighten Spending

July retail sales fell 0.6%, worse than expected, signaling consumer caution despite economic strength.

COVERAGE GAPLEFT SOURCES ONLY

WHAT'S CONFIRMED

▸Retail sales dropped 0.6% in July, well below analyst expectations. — Marketplace, Axios
▸Consumers are tightening belts despite some discretionary purchases remaining strong. — Marketplace, Axios

NOT REPORTED ELSEWHERE

▸Auto dealer sales fell 2%, gas stations fell 0.9%, electronics fell 0.5%. — Axios
▸Online sales dropped 2.2% due to Amazon Prime Day timing shift earlier than last year. — Axios
▸NPR reported credit card debt as key economic concern this week. — NPR Economy

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