Retail sales rise
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Retail sales volumes for used Class 8 trucks saw a 5.5% increase in July, while auction and wholesale volumes were down 27% and 26%, respectively. Plus, DOT seeks more input on autonomous deployment,
Sales data released by the Federation of Automotive Dealers Association (FADA) indicates a very slight increase in commercial vehicles (CVs) for July 2025. However, this segment has been adversely affected by several constraints, including weather disturbances, reduced demand in rural areas, and a slowdown in financial disbursements.
Policymakers are under pressure to roll out more stimulus to revive domestic demand and ward off external shocks to the $19 trillion economy.
Consumer spending ticked up in July in line with economists’ expectations, suggesting American households remain resilient.
US stock futures were mixed on Friday as Wall Street tempered its rate-cut hopes while July's retail sales advanced. Traders were also awaiting Friday's meeting between President Trump and Vladimir Putin,
China's latest economic data indicates a slowdown, with key indicators missing forecasts. Industrial production rose by 5.7% in July, a decrease from the 6.8% gain in June and below the expected 5.9%.