AI Data Insight
According to the latest data, US non-seasonally adjusted (NSA) retail sales excluding autos for Q3 2026 (July 2026) reached $636.42 billion, growing approximately 0.9% from the previous value. However, the officially released seasonally adjusted overall retail sales unexpectedly decreased by 0.6% month-over-month, significantly missing market expectations of a 0.1% month-over-month increase. This was mainly impacted by the timing shift of Amazon's promotions and the fading tax refund dividend, highlighting that consumer spending has turned more cautious.