US retail sales dropped -1.1% mom in July to USD 61.7B, worse than expectation of -0.2% mom. Ex-auto sales dropped -0.4% mom, below expectation of 0.1% mom. Ex-gasoline sales dropped -1.4% mom. Ex-auto, ex-gasoline sales dropped -0.7% mom. Comparing to July 2020, sales were up 15.8% yoy. Total sales for May through July period were up 20.6% from the same period a year ago.
