Pursuits
U.S. Retail Sales Stall as Auto Dealers’ Gain Is Others’ Pain
U.S. Retail Sales Stall in July
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Sales at U.S. retailers were little changed in July as Americans flocked to auto dealers at the expense of other merchants.
The stalling of purchases followed a 0.8 percent gain in June that was stronger than initially estimated, Commerce Department figures showed Friday in Washington. The median forecast in a Bloomberg survey called for a 0.4 percent rise in July. Excluding cars, sales retreated 0.3 percent, the most since the start of the year.