RETAIL SALES UNEXPECTEDLY RISE 0.6% IN JUNE

Key Points:

  • Retail sales, a measure of purchases at stores, restaurants and online, rose by 0.6% in June over the month.
  • Consensus among economists was a 0.4% decline.
  • Spending on autos fell by 2.0% over the month.
  • May’s retail sales were revised from a 1.3% decline to a 1.7% decline.
  • Excluding automobiles, gasoline, building materials and food services, retail sales increased 1.1% in June after a revised 1.4% decrease in May.
  • The Right Facts will continue to monitor retail sales.
Source