Laserfiche WebLink
Consumer <br />-30.0% <br />-20.0% <br />-10.0% <br />0.0% <br />10.0% <br />20.0% <br />30.0% <br />40.0% <br />50.0% <br />60.0% <br />Retail Sales YOY % Change <br />YOY (%) ChangeAdvance Retail Sales beat expectations and rose 0.7%in July after upward revisions to the prior two months.Increases were broad-based <br />across categories.Nonstore retail sales were particularly notable with a 1.9%increase,which reflects a robust performance of Amazon's <br />Prime Day sales event.On a year-over-year basis, retail sales growth accelerated to a 3.2%gain in July versus an upwardly revised 1.6% <br />increase in June. The Conference Board’s Consumer Confidence Index dropped more than expected to 106.1 in August from a downwardly <br />revised 114.0 in July.Both current conditions and future expectations weakened as respondents expressed negative views on the labor <br />market and concerns regarding inflation expectations. <br />80 <br />90 <br />100 <br />110 <br />120 <br />130 <br />140 <br />Index LevelConsumer Confidence <br />Source: US Department of Commerce Source: The Conference Board <br />7