The Retail Monitor calculation of core retail sales (excluding restaurants in addition to automobiles and gasoline) was up 0.95% month over month in July and up 1.69% year over year. That compared with increases of 0.3% month over month and 3.07% year over year in June
The CNBC/NRF Retail Monitor, powered by Affinity Solutions, offers a headline, month-over-month look at retail sales performance for 9 core retail sectors, plus restaurants.
July sales were up in six out of nine retail categories on a yearly basis, led by online sales, health and personal care stores and clothing and accessories stores. Sales were up in all but one category on a monthly basis.
Affinity Solutions has amended the originally released July 2024 category-level data. The updated data is reflected in the chart.
NRF President and CEO Matthew Shay joins ‘Squawk Box’ to discuss the latest retail data from the CNBC/NRF Retail Monitor. Watch the full clip here.
Your first look at how retail sales performed last month. The Retail Monitor has been shown to be highly correlated with the U.S. Census Bureau’s revised retail sales numbers.
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