Automobile shortages weigh on U.S. retail sales

By Lucia Mutikani

WASHINGTON (Reuters) – U.S. retail sales fell more than expected in July as shortages weighed on purchases of motor vehicles, suggesting a moderation in economic growth early in the third quarter.

The weak sales reported by the Commerce Department on Tuesday also reflected a plunge in online purchases, payback after Amazon pulled forward its Prime Day to June from July.

With the school year getting into full swing later in August and most education districts reverting to…


Source link

About search

Check Also

Don't forget the tragedy at the heart of this year's PGA Championship – Yahoo Sports

Don't forget the tragedy at the heart of this year's PGA Championship – Yahoo Sports

[unable to retrieve full-text content]Don’t forget the tragedy at the heart of this year’s PGA …

Leave a Reply

Your email address will not be published. Required fields are marked *