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Washington —
US consumers cut retail spending sharply in July | CNN Business
Retail sales fell 0.6% in July from the prior month, marking the steepest drop since May 2025.
TL;DRAI
Retail sales in the US fell 0.6% in July—worst drop since May 2025—as hiring faltered with 23,000 jobs lost and worker availability at 1967 lows. Tech budget downgrades likely follow: enterprise spending cycles will compress and capex investments deferred as recession signals intensify.
219 words~1 min read
