Retail and Food Services Down 1.1 Percent in July

The U.S. Census Bureau announced the following advance estimates of U.S. retail and food services sales for July 2021:

Advance Estimates of U.S. Retail and Food Services

Advance estimates of U.S. retail and food services sales for July 2021, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $617.7 billion, a decrease of 1.1% (±0.5%) from the previous month, but 15.8% (±0.7%) above July 2020. Total sales for the May 2021 through July 2021 period were up 20.6% (±0.5%) from the same period a year ago. The May 2021 to June 2021 percent change was revised from up 0.6% (±0.5% ) to up 0.7% (±0.2%).

Retail trade sales were down 1.5% (±0.5%) from June 2021, but up 13.3% (±0.7%) above last year. Clothing and clothing accessories stores were up 43.4% (±2.8%) from July 2020, while food services and drinking places were up 38.4% (±3.0%) from last year.