Retail sales fell 1.1% last month compared to June, a much larger drop than analysts had expected, as COVID-19 kept shoppers away from stores.
Americans cut back on their spending last month as a surge in COVID-19 cases kept people away from stores.
The report offers the first solid glimpse of how the spread of the Delta variant of COVID-19 may have changed the spending habits of Americans. At the end of July, the U.S. Centers for Disease Control and Prevention began recommending that even vaccinated people start wearing masks indoors in public places.
Major retailers are releasing quarterly financial results this week, offering more insight into behavior during yet another uptick in infections. On Tuesday, Walmartfor the year, a sign it expects Americans to keep on shopping at the same pace.
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