Civic Register
| 8.16.18

U.S. Retail Sales Up in July - Is Your Consumer Confidence Rising?

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What’s the story?

  • The Commerce Department said on Wednesday that retail sales increased .5 percent last month,  as households upped their purchases of cars, food, and clothing.
  • The jump was well above the .1 percent increase forecast by economists polled by Reuters.

What’s the reason for the uptick?

  • A tightening labor market – which is steadily pushing up wages – as well as tax cuts and higher savings are being credited for the rise in sales.

What do you think?

Are you confident about consuming? Are you feeling the effects of the robust wage growth? What do you credit for the economic uptick? Hit Take Action and tell your reps, then share your thoughts below.

—Josh Herman


(Photo Credit: monkeybusinessimages / iStock)