ISHP - June U.S. Retail Sales Show Surprising Vigor
2024-07-16 12:20:00 ET
Summary
- U.S. retail sales for June showed unexpectedly robust performance, with overall sales remaining flat above expectations of -0.3% month-over-month.
- Excluding autos, sales increased by 0.4%, above flat expectations, while the key control group, which excludes volatile categories like autos, gas, building materials, and food services, surged impressively by 0.9%.
- Looking at category performance, auto sales were notably weak, declining by 2.0% ($2.657 billion).
By Jharonne Martis
U.S. retail sales for June showed unexpectedly robust performance, with overall sales remaining flat above expectations of -0.3% month-over-month. Excluding autos, sales increased by 0.4%, above flat expectations, while the key control group, which excludes volatile categories like autos, gas, building materials, and food services, surged impressively by 0.9%....
June U.S. Retail Sales Show Surprising Vigor