Respondents to ASA’s monthly sales survey reported a median sales decline of 10 percent when comparing July 2023 sales totals to June 2023 numbers. On a month-to-month basis, three of the last four months now have been either flat or negative. April experienced a median 9 percent drop, followed by an outlier in May (13 percent increase) and then a flat (0.1 percent) June.

Median year-over-year sales growth returned to positive territory at 3% growth for July 2023 vs. 2022, yet 40 percent of respondents to the survey reported a decline in year-over-year sales.