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The data from housing and autos was bad, but some of that was made up by the strongest spending on construction of nonresidential buildings in 17 years.
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Stronger spending in Germany could help the rest of Europe.
Pent-up demand and spending for the start of the school year could mean stronger spending.
Tech hiring remains weak, despite stronger spending, with these metro areas at the top.
Part of the decline in those categories may be a result of stronger spending at the start of the year.
Some analysts pointed to strong spending by businesses as an indication that manufacturing would keep its momentum.
On the manufacturing side, orders declined for durable goods, but a crucial measure rose, suggesting stronger spending by consumers.
The preliminary data showed relatively strong spending by consumers and businesses, even as military spending posted its sharpest quarterly drop in 40 years.
But economists say it should result in stronger spending in the future after consumers pay down debt and boost their savings enough to feel more secure.
Yet, all American consumers were still showing surprisingly strong spending patterns, and they expected that to hold going into the holiday season.
Mr. Roach acknowledged that the strong spending by consumers in July did not support his earlier prediction of a return to recession this year.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com