Amazon’s Prime Day promotion pumped up July’s total retail sales


Boxes sealed with Prime Day tape move along a conveyor ahead of shipping from an Inc. fulfilment center during the online retailer’s Prime Day sales promotion day in Koblenz, Germany, on Monday, July 15, 2019.

Krisztian Bocsi | Bloomberg | Getty Images

Amazon’s Prime Day and promotions by other retailers appear to have given a meaningful pop to July retail sales, which could be stronger than economists’ forecasts, according to Bank of America Merrill Lynch economists.

Michelle Meyer, BofA’s head of U.S. economics, said she expects retail sales excluding autos to have risen by 0.6% and about half of that would have been from Prime Day and other promotions by Amazon competitors….


Household debt hits highest level since 2008: NY Fed

Previous article

Trump delayed tariffs to avoid recession in 2020, says Donohue

Next article

You may also like

Leave a Reply

Notify of

More in Finance