Dossier
government tax refunds
Coverage of government tax refunds in the Nexus archive.
- Retail sales unexpectedly fall in July as government tax refunds fade
Shoppers unexpectedly cut spending in July as the boost from government tax refunds faded, causing retail sales to slip 0.6%. According to data released by the Commerce Department, excluding gas stations and auto dealers, retail sales fell 0.2%, although the lone services category – restaurants – registered a 0.5% increase.