Business

Retail Sales and Consumer Sentiment Slump

Updated 2026-08-14 16:25 UTC 1 source Negative

July retail sales data show a decline, while consumer sentiment has dipped, particularly among Republicans. The University of Michigan released preliminary numbers indicating a souring economy.

Coverage timeline — 2 articles
Axios
Data: University of Michigan; Note: August 2026 number is preliminary; Chart: Neil Irwin/AxiosPublic opinion about the economy appears to be souring further this month, per the preliminary release of the University of Michiga
2026-08-14 15:58 UTC
Axios
Data: Census Bureau; Chart: Neil Irwin/AxiosAmerican consumers have powered the economy forward this year. In July,
2026-08-14 16:15 UTC
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