Retail Foodservice Spending Continued Slow Growth In July, While Overall Retail Spending Surged On Auto Sales

Retail sales at “food services and drinking places” rose 0.3% month-over-month in July to a seasonally adjusted $94.7 billion, according to the latest “Advance Retail Sales” report from the Census Bureau. Following growth of only 0.1% in both May and June, retail foodservice sales continued to post very slow growth. Sales during the past four…