July U.S. Retail Sales Show Paltry Increase

In another sign that consumers are still wary about opening their wallets, MasterCard Advisors' SpendingPulse has released data that shows U.S. retail sales inched up by a mere 0.1% last month from June.
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NEW YORK (TheStreet) -- In another sign that consumers are still wary about opening their wallets, MasterCard Advisors' SpendingPulse has released data that shows U.S. retail sales inched up by a mere 0.1% in July from the month before, excluding gas and autos.

The data accounts for all types of spending including cash.

Sales fell by 0.9% if autos were excluded.

July sales, excluding gas and autos, increased by 1% compared to the previous year, and rose 1.4% including gas, given its higher price.

The latest data comes after a 2.1% decline from April to May and 0.5% fall from May to June, excluding gas and autos.

-- Reported by Andrea Tse in New York

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