Research Brief: Retail Sales – July 2024

Households’ priorities reflected in recent gains. For a second straight month, consumers set a new high for core retail sales, with spending up 3.8 percent year over year in June. This improvement closed out a first half that saw core spending rise 3.2 percent when compared to the same period of 2023. During this span, consumers prioritized experiences, discounts and essential items, as reflected in gains recorded across the online, restaurant, grocery, health and personal care categories. Many households, concurrently, scaled back on…

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