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Retail Sales Increase More Than Expected in July

New data out this morning shows retail sales were up higher than expected. In July, the Commerce Department reported that sales increased 3.2% from a year ago. 7/10 of a percent from June. Economists expected an increase of 4/10 of a percent from June last month. This month's increase which comes after retail sales up a revised 3/10 of a percent in June. It's a sign of strength for the US economy. The data comes as several big retailers are reporting their latest quarterly earnings this week. Today, we'll hear from Target as well as TJ X companies. That's the parent company of TJ Maxx Marshall's and Home Goods on Thursday, Walmart is set to report.