U.S. Retail Sales Likely to Climb Amid Growth Momentum: Chart

U.S. Retail Sales Stall in July

U.S. retail sales likely continued to climb in July after the strongest quarterly advance for consumer spending since 2014, figures Friday from the Commerce Department may show. The consensus forecast among economists surveyed by Bloomberg is for a moderate increase of 0.4 percent after a 0.6 percent jump the previous month. A prolonged period of job creation and slowly improving wage gains is providing households with the means to keep spending.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.