[ No headline ]

Retail sales dipped 0.9 percent in July, the first sag in four months, the Commerce Department reported Tuesday. Sales fell to a seasonally adjusted $107.8 billion, after a 0.5 percent rise in June.

Echoing a 3.9 percent drop in general merchandise (including department store) sales, which was the greatest decline since July 1976, durable goods slumped 1.4 percent and nondurable goods, 0.6 percent.

This, the first decline since a 1.5 percent drop in March, supports other recent evidence that the economy, which had been running a strong head of steam in 1984, is beginning to slow.

The growth in consumer spending had been a key force driving the recovery from the 1981-82 recession.

Some analysts blamed cooler than normal weather in many parts of the country for the decline in retail sales. This would have depressed sales of such seasonal items as air conditioners and summer clothing.

You've read 3 of 3 free articles. Subscribe to continue.
QR Code to
Read this article in
https://www.csmonitor.com/1984/0815/081543.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe
CSM logo

Why is Christian Science in our name?

Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.

The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.

Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.

Explore values journalism About us