mortgage

Friday, July 13, 2007

Retail Sales


The seasonally adjusted level of retail sales unexpectedly fell sharply in June. Declines were broad-based with big losses in autos, gas station sales, furniture & home furnishings, and building materials & garden supplies.
It should be noted, however, that sales are still expanding on a year-to-year comparative basis as can be seen in the second chart (deseasoned data).