Americans spend a modest weakening expectations about the growth of the economy

US retail sales unexpectedly stabilized in July, with the contraction 

of the citizens Purchases of clothing and other goods, indicating a modest spending of consumers may reduce expectations of accelerating economic growth in the third quarter of the year.

The US Commerce Department on Friday, said that the stability of last month's reading was revised upward after reading in June, indicating retail sales growth of 0.8% compared with 0.6% in the initial estimates.

Sales rose 2.3% on an annual basis. Excluding autos, gasoline and building materials, food services, retail sales also did not mention last month recorded a change, after recording an increase of 0.5% in June, according to data unadjusted.

These sales, known as core retail sales, which are most compatible with the consumer spending component of GDP. The economists had expected an increase Total retail sales rise 0.4% and core sales 0.3% last month.

And it helped the increase in consumer spending in the absorption of the impact of the blow the economy of adjustment in inventories and pressure has been going on for a long period due to lower oil prices, which is curbing GDP growth to reach an annual rate of 1% on average in the last three quarters.

The data published on Friday that consumer spending is slowing after rising strongly in the second quarter, when he scored an increase of 4.2%.

In spite of the unexpected decline in July, the consumer spending still has the support of the strength of the labor market as well as rising house prices and the stock market.

The economy has created 547 thousand jobs in June, the last two and July.