Retail sales in the United States have not changed

Retail sales in the United States in July 2014, unchanged compared with the previous month, according to the Ministry of Commerce of the country.

Analysts polled by Bloomberg, expecting sales growth of 0.2%.

In June, retail sales rose by 0.2%.

The July retail sales dynamics was the worst six months. The fall is due, in particular, the weakening of demand for cars and the slow pace of increase in salaries of Americans, limiting purchasing power.

Retail sales excluding autos rose last month by 0.1% against the expected rise of 0.4%.

July retail sales excluding autos, gasoline and building materials (so-called “control group” – a figure used to calculate the USA GDP) grew by 0.1% compared with June.

Total sales in July increased by 8 of the 13 major categories of retail goods, including clothing, food and general merchandise consumption.