Due to the repeated epidemics, Americans' spending decreased in July!

It is learned that due to the repeated outbreaks in the United States and the increase in new crown cases, Americans' spending decreased in July. The U.S. Department of Commerce said on August 17 that total retail sales in July fell 1.1% from the previous month after seasonal adjustment. It was higher than the 0.3% decline expected by Wall Street analysts. Online sales also began to slow down, falling 3.1% from the previous month. The scene of the peak of online shopping last year is no longer there.

Data from the U.S. Department of Commerce show that Americans' spending on clothing, furniture and sporting goods has fallen. Rising prices for a wide range of products, from food to washing machines, may also have curbed spending. But Walmart recently raised its sales forecast for this year, showing that Walmart remains optimistic about Americans' purchasing power.

eBay said its number of active buyers fell 2% to 159 million in the most recent quarter. UPS said it was shipping fewer packages in the U.S. And Amazon, the world's largest online retailer, said its online sales grew just 13% in the most recent quarter, the smallest increase in the company's two years.

Editor ✎ Estella /

Statement: This article is copyrighted and may not be reproduced without permission.