U.S. retail sales rose by 0.6 percent from July to August, making sales in August 2020 2.6 percent higher than sales in August 2019.
Credit/debit card data suggest CA taxable sales continued to grow in August but still remained below January.
U.S. retail sales in July 2020 were 2.7% higher than in July 2019.
We summarize recent data on household debt in California.
We use data on credit card and debit card transactions in California to get a better sense of recent sales tax trends in California.
U.S. retail sales rose 8% from May to June, returning to 2019 level.
May 2020 U.S. retail sales show significant rebound from April decline.
April 2020 U.S. retail sales data shows significant impact from COVID-19.
We review new data on household debt in California.