U.S. June Retail Sales Rise 0.2% From Month Earlier, Matching Forecasts
Summary
- The U.S. Commerce Department said June retail sales in the United States rose 0.2% from the previous month, matching economists' forecasts.
- June retail sales rose 6.72% from a year earlier, while the May figure was revised up to a 1.0% increase.
- Wall Street has worried that uncertainty over tariff policy under Trump's second administration and recession concerns could hurt U.S. consumer sentiment.
Forecast Trend Report by Period
U.S. retail sales rose 0.2% in June from the previous month, matching market expectations.
The Commerce Department said on July 16 that June retail sales increased 0.2% from a month earlier. The reading matched economists' forecast for a 0.2% gain.
From a year earlier, retail sales rose 6.72%. The May figure was revised up to a 1.0% increase from the previously reported 0.9% rise.
The monthly U.S. retail sales report is a preliminary indicator that mainly tracks goods sales within overall consumer spending. It is widely viewed as a gauge of changes in consumption, a main pillar of the U.S. economy.
Wall Street has worried that uncertainty over tariff policy under President Donald Trump's second administration, along with recession concerns, could damp U.S. consumer sentiment and weigh on personal consumption spending.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul