Retail sales in the US have taken an unexpected turn, with a significant decrease in July. 6% last month, the largest drop since May 2025. This decline follows a period of increased spending in April and May, fueled by tax refunds.

The decrease has raised concerns among economists about the resilience of consumer spending, a key driver of the economy. Despite inflation and high gasoline prices, consumers have been a steady force in the US economy. Further details on the retail sales slump are available from the Commerce Department, providing more insight into the current state of consumer spending.