Retail Sales See The Biggest Drop In More Than a Year. The Fading Effect Of Tax Refunds May Have Played a Role.

Source: International Business Times

Retail sales declined unexpectedly in July, notching the biggest drop since May 2025. Getty Images Retail sales declined unexpectedly in July, notching the biggest drop since May 2025, according to data from the Commerce Department. However, the Census noted, the figure is up 5% from the same month last year.