The rebound in U.S. retail sales slowed more than expected in July, suggesting that a surge in coronavirus cases and high unemployment have cooled the economic recovery. According to the data released by the Ministry of Commerce on Friday, retail sales increased by 1.2% month on month, and the data in June were revised up to 8.4%. Economists surveyed by Bloomberg expect a median growth of 2.1%. Even so, the total retail sales exceeded the pre epidemic level, and the retail sales increased by 2.7% year-on-year in July, indicating that the main part of the economy has returned to the previous trend. < / P > < p > growth slowed compared with June, reflecting a decline in sales of cars and building materials, as well as slower growth in sales at restaurants and clothing stores. The report, in line with previous high-frequency data, showed that the economic rebound basically stagnated in July. < / P > < p > retail sales in the so-called control group grew by 1.4% month on month, higher than analysts expected. This group does not include sales of food services, car dealers, building materials stores and gas stations and is sometimes seen as a better reflection of potential trends.