USA & Canada Intelligence Brief for August 14: American retail sales fell 0.6% in July, the steepest drop since May 2025, and consumer sentiment slid about 8% to a preliminary 51.
Rio Times · USA & Canada Intelligence Brief August 14
Key Facts
—Spending fell American retail sales dropped 0.6% in July from the previous month, the steepest decline since May 2025.
—Against a rise Economists polled by Reuters had forecast an increase of about 0.1%, after June’s unrevised 0.2% gain.
—Sentiment slid Consumer sentiment fell about 8% early this month to a preliminary reading of 51, ending a two-month rising streak.
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