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Benzinga
Benzinga
Business
Tanya Rawat

Americans Are Pulling Back on Spending as US Retail Sales Fell 0.6% in July: Amazon, Non-Store Retailers Hit Hardest

Amazon United States Kobeissi The Kobeissi Letter X Amazon.com Inc.
Close,In,Of,Sales,Assistant,In,Retail,Shop,With,Customer

Market commentator The Kobeissi Letter said U.S. consumers are becoming more cautious with their spending after July retail sales fell more than expected.

In a post on X on Sunday, The Kobeissi Letter pointed to July retail sales data showing a 0.6% monthly decline, compared with expectations for a 0.1% increase. It said the decline was the largest monthly decrease since May 2025. The data was released by the U.S. Census Bureau on Friday.

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