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...