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.

Retail sales were up by 0.5 percent for July, with June revised higher to 0.9 percent. Core retail sales also increased by 0.5 percent (0.8 percent for June). Read more

U.S. retail sales increased as expected in July as consumers hit automobile lots and took advantage of online sales.