US retail sales rose moderately in July, according to data released Friday, as markets monitor tariffs that do not so far appear to have significantly battered consumers.

Shoppers spent at a healthy pace in July, particularly at the nation’s auto dealerships, even as President Trump’s tariffs start to take a toll on jobs and lead to some price increases.

M/M to $726.3B vs. +0.6% consensus and +0.9% prior (revised from +0.6%), according to data released by the U.S. Census Bureau on Friday.