Retail sales were up 0.9% in July seasonally adjusted from June and up 5.6% unadjusted year-over-year, according to the National Retail Federation. The numbers exclude automobile dealers, gasoline stations and restaurants.
For April, The Conference Board has reported that its Consumer Confidence Index improved after decreasing in March.
According to a University of Michigan survey, consumer sentiment in the U.S. slipped during early January, with the decline primarily focused on prospects for the domestic economy.
Consumers said they will spend an average of $1,007.24 during the holiday season this year, up 4.1% from the $967.13 they said they would spend last year, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics.
Consumer confidence has gained in August after only marginally improving in July, according to The Conference Board.
Consumer confidence declined slightly in June as the long-term outlook grew a bit cloudier.
The Conference Board Consumer Confidence Index, which had declined marginally in June, improved in July. The Index now stands at 121.1, up from 117.3 in June. The Present Situation Index increased from 143.9 to 147.8, while the Expectations Index rose from 99.6 last month to 103.3.
Consumer confidence in a strong economy going forward continued its slide in early February when a Prosper Insights and Analytics survey pegged it down two points from a similar study in early January, with the proportion of consumers looking forward to good financial news at 50.1%.