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July Retail Numbers Don't Tell the Whole Story

Month-to-month sales looked disappointing, but year-over-year data show consumers are doing at least as well as they had been, says Morningstar's Bob Johnson.

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Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. Retail sales were flat in July from June levels. Is this a sign that the consumer is in trouble? I'm here today with Bob Johnson--he's our director of economic analysis--to take a closer look at the report. Bob, thanks for joining me.

Bob Johnson: Great to be here today.

Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.