US Edition
US retail sales beat expectations in June
UNITED STATES, JUL 17 – Retail sales increased 0.6% in June driven by auto and necessity spending despite tariff-related inflation reaching its highest since February, Commerce Department data showed.
- Thursday, the Commerce Department reported retail sales rose 0.6% in June, bouncing back after a 0.9% decline in May.
- Despite rising inflation, the Labor Department said Tuesday inflation rose 2.7% year-over-year, yet a resilient job market and delayed tariffs helped consumers spend despite anxiety.
- In specific sectors, retail data showed auto sales up 1.2%, clothing and accessories rising 0.9%, while electronics stores saw a 0.2% drop.
- Sam Bullard said `household sector still appears to be holding up`, while traders see a 54.3% chance of a September rate cut.
- Looking ahead, the tariff situation could change starting August 1, and Coresight Research estimates back-to-school spending will rise 3.3% to $33.3 billion.
Insights by Ground AI
Does this summary seem wrong?
153 Articles
153 Articles
Peter Navarro Discusses Why Retail Sales Growth Exceeds All Wall Street Projections, and Prices Continue Dropping - The Last Refuge
White House Trade and Economic Advisor Peter Navarro takes a well deserved victory lap on the latest U.S. consumer sales news. The Census Bureau report, yesterday, highlighted that consumer sales remain strong at +0.6% – significantly higher than all economists forecast [DATA HERE]. Retail sales growth is important, because approximately two-thirds of the U.S. GDP […]
Washington. U.S. consumers increased their spending in June, despite the anxiety generated by tariffs and the state of the U.S. economy.
·Mexico
Read Full Article
Coverage Details
Total News Sources153
Leaning Left32Leaning Right13Center48Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 34%
C 52%
14%
Factuality
To view factuality data please Upgrade to Premium
