St Louis Mortgage and Real Estate News –
St Louis Finance News: Sales Are Reportedly Up In the Retail Industry
News Press Hot Line: 314-334-0210 | Floyd Tapia
Recent news from the Commerce Department states that total retail sales rose 0.4 percent to $362.7 billion compared with June’s 0.3 percent decrease. The June drop was revised from the originally reported 0.5 percent.
The overall sales percentage gain was slightly lower than anticipated. Economists surveyed by Briefing.com had expected sales would rise by 0.5 percent during the month.
Since consumer spending accounts for nearly two-thirds of the United States economic activity, it only makes sense that retail sales and related reports are closely monitored to gauge the health of the economy.
Sales excluding autos and auto parts rose 0.2 percent last month, in line with economists’ forecasts. In June, sales on the same basis were down 0.1 percent.
Motor vehicle and parts sales also rose 1.6 percent in the month, and gasoline store sales rose 2.3 percent. Overall, retail sales are up 5.5 percent over July last year.
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When applying for any type of St Louis mortgage, call Liberty Lending Consultants, the recognized St Louis home loan and refinancing experts, at 877-334-0210 and ask for Steve Swan or Doug Stahlschmidt.
For business owners looking for small business loans and alternative financing that works, call Floyd Tapia, host of the St. Louis “Mortgage Minute” at 314-334-0210. He is a successful hedge fund originator assisting local and national business owners in getting private and public St Louis finance and commercial lending with no upfront fees.
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