JimBowie1958
Old Fogey
- Sep 25, 2011
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This is a V shaped recovery, no doubt, and everything will be back to Trumps thriving economy standards by election day.
Retail Sales Rise on Strong Electronics and Appliance Stores Sales
Sales at electronics and appliance stores jumped much higher in July, pushing up overall sales despite a reported decline in sales of autos. | Economy
www.breitbart.com
Sales at electronics and appliance stores jumped much higher in July, pushing up overall sales despite a reported decline in sales of autos.
Retail sales at electronics and appliance stores jumped 22.9 percent on a seasonally adjusted basis, following a 37.6 percent gain in the prior month, data published by the Commerce Department on Friday showed. Compared with a year ago, July’s appliance and electronics sales were down 2.8 percent.
For the first seven months of the year, sales at electronic and appliance stores are down 18.6 percent.
Overall retail sales rose at a seasonally adjusted 1.2 percent, below the consensus forecast for a 2 percent growth. Excluding autos, however, sales were up 1.9 percent, beating expectations for a 1.5 percent gain.
Overall retail sales grew 8.4 percent in June after a double-digit percentage rise in May. Three months of gains has pushed sales above the pre-pandemic level seen in February, a remarkable recovery following unprecedented declines as much of the economy shut down in March and April to combat the coronavirus.