US retail sales in July rise 0.5% on auto power

Auto sales rose 1.6%. They appear to have returned roughly to normalized spending after a surge in March and April as Americans attempted to get ahead of Trump's 25% duty on imported cars and parts and then a slump after that, according to Samuel Tombs, chief US Economist at Pantheon Macroeconomics.

from Economic Times https://ift.tt/YEmBkKA