Spending at small retailers in the U.S. slowed in July from the same time last year, reaching the lowest growth level for the last 12 months, according to a new report.
The study comes as overall
The report from SpendingPulse and released by MasterCard Advisors, said small business retail spending levels were at 6 percent in July, down from 8.3 percent at the same time last year. July's sales figure was also down from this June's 8 percent.
Despite the lower number, retail experts say there's little cause for concern.
"I don't think you can read that much into this," said Michael McNamara, VP of MasterCard SpendingPulse and a retail analyst.
"I would say that things are holding their own with no major problems," McNamara added. "In fact, small businesses are still outpacing bigger retailers in sales."