"US Retail Sales Surge in June, Defying Expectations"
TL;DR
US retail sales excluding autos rose by 0.4% in June, the highest increase in three months, indicating stronger consumer spending at the end of the second quarter. Total retail sales remained unchanged due to a 2% decline in auto dealership receipts. The figures are not adjusted for inflation.
Topics:top-newseconomy#auto-dealerships#consumer-spending#economic-indicators#economy#inflation#us-retail-sales
- US Retail Sales Excluding Autos Rise by Most in Three Months Bloomberg
- Retail sales come in better than expected in June Yahoo Finance
- Americans' retail spending flat in June as gas prices, auto sales dip Axios
- Retail Sales Hold Up in June, Defying Forecasts of a Decline The Wall Street Journal
- Retail sales report tests timing of Federal Reserve rate-cut bets TheStreet
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