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Jewish News 24 · Aug 14, 2026

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U.S. RETAIL SALES DROP: U.S. retail sales fell 0.6% in July to $763.6 billion, the largest monthly decline in more than a year and below economists' expectations, according to the Commerce Department. The pullback was driven mainly by weaker online sales (down 2.2%) and auto dealerships (down about 2%), with declines also at gas stations and electronics stores. Economists say the drop partly reflects consumers exhausting the tax refunds that fueled stronger spending earlier this year, though overall consumer spending has remained relatively resilient despite persistent inflation and broader economic pressures.

*U.S. RETAIL SALES DROP:* U.S. retail sales fell 0.6% in July to $763.6 billion, the largest monthly decline in more than a year and below economists' expectations, according to the Commerce Department. The pullback was driven mainly by weaker online sales (down 2.2%) and auto dealerships (down about 2%), with declines also at gas stations and electronics stores. Economists say the drop partly reflects consumers exhausting the tax refunds that fueled stronger spending earlier this year, though overall consumer spending has remained relatively resilient despite persistent inflation and broader economic pressures.

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