U.S. retail and food service sales increased for a fourth straight month in July 2013, inching up 0.2 percent from June to $424.5 billion, according to the latest seasonally adjusted retail report from the Census Bureau. This was down from June's monthly 0.6 percent increase.
July’s sales value was up 2.3 percent from the level in January, when it was $415.1 billion. Sales growth decelerated slightly in July, up 5.4 percent from July 2012, but down from June’s increase of 5.9 percent year-over-year. Sales in the first seven month of 2013 totaled $2.9 trillion, up 4.5 percent over the same period in 2012.
The U.S. retail inventory-to-sales ratio, which is reported one month behind retail sales, inched down 0.01 percentage points in June 2013 to 1.40 from May's 1.41 ratio and remained flat from June 2012. The ratio has remained between 1.39 and 1.41 in every month in 2013 through June.