US Retail Sales Tumble 0.6% in July, Well Behind Projected 0.1% Gain

U.S. retail sales fell by 0.6% in July versus the month prior, a deeper decline than the 0.2% fall in June — and well behind the 0.1% gain expected by analysts. “American consumers are showing signs of fatigue,” Heather Long, chief economist at Navy Federal Credit Union, said (more).