Results support NRF revised forecast of 4.5 percent for the year
(WASHINGTON) - July retail sales were up 0.4 percent seasonally adjusted from June and increased 4.9 percent unadjusted year-over-year, giving the industry a solid kickoff for the third quarter as consumers continued to spend despite concerns about the growing trade war, the National Retail Federation (NRF) reported last week. The numbers exclude automobiles, gasoline stations and restaurants