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Retail Data: Europeans, Americans remain cautious in July

LONDON (AP) - Official figures show that, like their U.S. counterparts, consumers in the 16 countries that use the euro remain reluctant to spend despite an easing in the government debt crises in the eurozone.

Statistics show retail sales were flat in June.

In the U.S., Americans kept wallets closed in July, especially on pricier items, though they did do some traveling.

Data released Wednesday by MasterCard Advisors' SpendingPulse signals that spending remains choppy as shoppers grapple with an almost 10 percent unemployment rate and tight credit.

Revenue from high-end jewelry, which had held steady in June, plummeted in July from a year earlier, when the figures already were dismal. Furniture also suffered as the boost from homebuyer tax credits wore off. Shoppers even pulled back on shoes and children's clothing. Luxury spending was virtually unchanged.


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