M/M to $726.3B vs. +0.6% consensus and +0.9% prior (revised from +0.6%), according to data released by the U.S. Census Bureau on Friday.

Consumers are still buying things in the United States, a new report from the Census Bureau said Friday. Spending at U.S. retailers rose 0.5% in July.

U.S. retail sales increased solidly in July, supported by strong demand for motor vehicles as well as promotions by Amazon.com and Walmart, though a softening labor market and higher goods prices could curb consumer spending growth in the third quarter.