Economics
Gain in U.S. Retail Sales Underscores Solid, Steady Consumer
- Nine of 13 retail categories showed increased sales in June
- The 0.6% advance in overall sales topped all forecasts
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U.S. retail sales rose unexpectedly in June, reflecting fairly broad gains across spending categories and wrapping up a solid quarter for household demand.
The value of overall retail purchases advanced 0.6% last month following a downwardly revised 1.7% drop in May, Commerce Department figures showed Friday. Excluding autos, sales jumped 1.3% in June.