Retail sales rose less than expected in July as consumers still showed signs of rebounding after a pullback in the spring.

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.

Policymakers are under pressure to roll out more stimulus to revive domestic demand and ward off external shocks to the $19 trillion economy.

Consumer spending ticked up in July in line with economists’ expectations, suggesting American households remain resilient.

US stock futures were mixed on Friday as Wall Street tempered its rate-cut hopes while July's retail sales advanced. Traders were also awaiting Friday's meeting between President Trump and Vladimir Putin,

China's economy showed signs of slowing in July as factory output and retail sales slowed and housing prices dropped further, according to data released Friday. Uncertainty over tariffs on exports to the United States is still looming over the world's second-largest economy after President Donald Trump extended a pause in sharp hikes in import duties for 90 days,