July U.S. Retail Sales Show Solid Spending Gains

The video discusses the economic data for July, highlighting positive revisions and solid numbers compared to estimates. Experts analyze the impact of consumer spending, noting the importance of online retail and events like Amazon Prime Day. The retail sector shows mixed performance, with non-store retailers up and department stores showing improvement. The discussion emphasizes the consumer's role in the economy, supported by strong jobs and consumer confidence.

What was the revised economic growth percentage for July after stripping out autos and gas?

• 0.4%

• 0.5%

• 0.6%

• 0.3%

Who are the experts discussing the economic numbers in the video?

• Ira Jersey and Jonathan

• Jonathan and Lara Rhame

• Lara Rhame and Ira Jersey

• Lara Rhame and Jonathan

What event in July contributed to the increase in online spending?

• Black Friday

• Cyber Monday

• Amazon Prime Day

• Back to School Sales

Which type of store showed a surprising positive print after two months of negative results?

• Grocery stores

• Clothing stores

• Electronics stores

• Department stores

What is needed to support consumers who are dipping into their savings while spending?

• Lower taxes

• Higher income

• More credit options

• Increased savings