US Retail June Sales Rise 0.4%, Faster Than Forecast, as Consumers Flex Muscles

TheStreet | 7/16/2019 | Bradley Keoun
chicana948 (Posted by) Level 3
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U.S. retail sales rose at a faster-than-estimated pace last month, data indicated Tuesday, showing that consumers remain sanguine enough to maintain spending despite investor concern that the economy might be slowing.

Retail sales rose by 0.4% in June, the Commerce Department said in a statement, the four consecutive monthly gain. Economists had estimated a 0.1% gain during the month as the impact of newly-applied tariffs on China-made goods heading into the United States took hold.

Retails - Sales - Motor - Vehicles - Parts

Retails sales excluding motor vehicles and parts, which can swing significantly from month to month, were also up by 0.4% on the month, higher than analysts' estimates for...
(Excerpt) Read more at: TheStreet
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